Japan’s Exports Fall as Yen Rises, Quake Disruption Looms

Japan’s exports fell for a sixth straight month in March as slowing growth in China, soft demand for electronic components for products such as the iPhone and a strengthening yen threatened to hold back the country’s economic recovery.

Japanese electronics makers are unlikely to get much solace when Apple Inc (AAPL.O) reports its March quarter earnings next week. Analysts expect Apple to post its biggest-ever quarterly decline in iPhone shipments and present a weak sales forecast for the current quarter.

“A delayed recovery in the U.S. economy, slowdown in China, and sluggish demand for electronics parts on a cut in iPhone production were factors behind weak exports,” said Hidenobu Tokuda, senior economist at Mizuho Research Institute.

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.