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WRAPUP 1-Japan exports fall again as Trump's trade policy threatens economic outlook [Reuters]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Reuters
WRAPUP 1-Japan exports fall again as Trump's trade policy threatens economic outlook - Reuters 6 Min Read (Recasts story, adds economic & trade context, analyst quote) * Global slowdown, trade war hit exports * April exports -2.4% yr/yr vs forecast -1.8% * March core orders 3.8% m/m vs forecast -0.7% * May manufacturers’ morale posts 1st rise in 7 mths * Reuters Tankan closely correlates with BOJ tankan By Stanley White and Tetsushi Kajimoto TOKYO, May 22 (Reuters) - Japanese exports contracted for the fifth month in April due to a slump in shipments of chip-making equipment to China, underlining the growing threat to the world’s third-biggest economy from a bruising Sino-U.S. trade war. Data also showed Japan’s trade surplus with the United States rose for a second month as auto exports accelerated, which could draw U.S. President Donald Trump’s ire before U.S.-Japan trade negotiations begin this week followed by a leaders’ summit a few days later. Trump’s government is trying to ren Show less Read more
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