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Nikkei Asia
7 days ago
- Business
- Nikkei Asia
Japan exports drop for second month as auto shipments to US plummet
Trade Trade surplus shrinks by 31% in June, amid uncertainty over tariff negotiations Newly manufactured cars awaiting export are parked at a port in Yokohama, Japan, south of Tokyo. © Reuters GRACE LI TOKYO -- Japan's exports declined for the second consecutive month in June, as shipments to America, its biggest export destination, continued to fall as a result of the hefty tariffs U.S. President Donald Trump imposed on Japanese cars and other products. Overall outbound shipments edged down 0.5% year on year, according to data published by the Ministry of Finance on Thursday, missing a forecast of a 0.5% increase in a Reuters poll of economists. Those to the U.S. slipped further to a decline of 11.4% from May's 11.1% drop.
Nikkei Asia
7 days ago
- Business
- Nikkei Asia
Japan exports drop again amid tariff uncertainties
Trade Stalling negotiations with U.S. cast shadow over trade outlook Newly manufactured cars awaiting export are parked at a port in Yokohama, south of Tokyo, Japan. © Reuters GRACE LI TOKYO -- Japan's exports declined for the second consecutive month in June, as shipments to America, its biggest export destination, continued to fall as a result of the hefty tariffs U.S. President Donald Trump imposed on Japanese cars and other products. Overall outbound shipments edged down 0.5% year on year, according to data published by the Ministry of Finance on Thursday, missing a forecast of 0.5% increase in a Reuter poll of economists. Those to the U.S. slipped further to 11.4% decline from May's 11.1%.
Nikkei Asia
16-07-2025
- Nikkei Asia
Foreign visitors to Japan hit record 21m in first half of 2025
Tourists near Kiyomizu-dera temple in Kyoto in 2023. Foreign arrivals in Japan grew 21% from January to June compared with the same period last year. (Photo by Yo Inoue) GRACE LI TOKYO -- The number of foreign visitors to Japan hit a record 21.5 million during the first six months of the year, though those from Hong Kong dropped by a third in June due to rumors about an impending megaquake. Total arrivals grew 21% from January to June, helped by a 53.5% year-on-year surge in Chinese visitors to 4.7 million, according to data published by the Japan National Tourism Organization on Wednesday. South Korea remains Japan's largest visitor source with 4.8 million arrivals.
Nikkei Asia
16-07-2025
- Nikkei Asia
Foreign visitors to Japan exceed 21m in first half of 2025
Tourists near Kiyomizu-dera temple in Kyoto in 2023. Foreign arrivals in Japan grew 21% from January to June compared with the same period last year. (Photo by Yo Inoue) GRACE LI TOKYO -- The number of foreign visitors to Japan hit a record 21.5 million during the first six months of the year, though those from Hong Kong dropped by a third in June due to rumors about an impending megaquake. Total arrivals grew 21% from January to June, helped by a 53.5% year-on-year surge in Chinese visitors to 4.7 million. South Korea remains Japan's largest visitor source with 4.8 million arrivals.
Nikkei Asia
30-06-2025
- Business
- Nikkei Asia
Trump tariff tracker: the latest on US levies affecting Asia
U.S. President Donald Trump speaks to reporters aboard Air Force One after departing early from the G7 summit in Canada to return to Washington, June 17. © Reuters GRACE LI TOKYO -- U.S. President Donald Trump has imposed tariffs on nations around the world in the first months of his second term to revive American manufacturing, rattling Asian economies that rely heavily on exports for prosperity. The unilateral U.S. moves -- which include country-by-country blanket levies known as "reciprocal" tariffs, and duties on specific items such as steel and automobiles -- are causing major disruptions to the global economy, where close links in supply chains have become the norm for doing business.
