Trade balance data from Japan for July 2023, along with Machinery orders for June.
- exports fell for the first time in 29 months
Exports to:
- China -13.4% y/y
- the US +13.5% y/y
- the EU +12.4% y/y
I think you can see the problem, right? China’s economic stumble out of COVID-zero reopening is impacting globally, not just locally.
This article was written by Eamonn Sheridan at www.forexlive.com.
