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Stock impact report

UPDATE 3-Japan exports slide for 6th month as trade troubles knock demand, weaken outlook [Reuters]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Reuters
Japan exports slide for 6th month as trade troubles knock demand, weaken outlook - Reuters 5 Min Read TOKYO (Reuters) - Japan’s exports fell for a sixth straight month in May as China-bound shipments of semiconductor manufacturing equipment and car parts weakened, in a sign of a deteriorating outlook for growth as the trade-reliant economy faces persistent pressure from slowing external demand. Sluggish exports have been a source of concern among Japanese policymakers, especially as a bruising U.S.-China tariff war has upended supply chains and hit global growth, trade and investment. “The business sentiment of Japanese firms, and in particular exporters, is falling depending on the extent of U.S.-China trade tensions, and that will suppress exporters’ capital expenditure,” said Hiroshi Miyazaki, senior economist at Mitsubishi UFJ Morgan Stanley Securities. “I think that will be a negative for Japan’s economy.” Ministry of Finance (MOF) data showed on Wednesday that exports declined 7 Show less Read more
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