TOKYO (Reuters) – Japan’s exports slipped for an eighth month in July, whereas producers’ confidence turned unfavorable for the primary time in over six years as China-bound gross sales slumped once more in a recent signal the Sino-U.S. commerce struggle may tip the economic system into recession.
FILE PHOTO: A person in a bicycle drives previous containers at an industrial port in Tokyo, Japan, Could 22, 2019. REUTERS/Kim Kyung-Hoon/File Picture
The gloomy knowledge underscored the problem for Japanese policymakers frightened that extended weak spot in exterior demand will drive a pointy financial downturn at residence.
Exports in July fell 1.6% from a yr earlier, Ministry of Finance…