Japan’s exports suffered their largest drop in three years in October, as the US-China trade war continued to hit global demand and extreme weather disrupted output at home.
Exports fell 9.2% from a year ago, dropping for an 11th month and extending the longest streak of monthly declines since 2016, Ministry of Finance data showed. Economists had forecast a 7.5% slide. Exports to China and the US, Japan’s two biggest markets, logged double-digit falls. Drops in auto and steel shipments were major factors.