Japan exports fall most since 2009 as pandemic hits demand

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Japan’s exports in April fell the most since the 2009 global financial crisis as the world’s third-largest economy braced for a deeper slide into recession, with the coronavirus pandemic taking a heavy toll on external demand, APA reports quoting Reuters. 

The trade data underscored the challenge policymakers face in balancing the need to contain the virus, and restarting parts of the battered economy. 

Ministry of Finance (MOF) data showed on Thursday exports fell 21.9% in the year to April as U.S.-bound shipments fell 37.8%, the fastest decline since 2009, with car exports there plunging 65.8%.