Japan likely posted another month of only modest export gains in August amid rising worries over global trade friction, a Reuters poll showed yesterday.
Exports were seen rising 5.6% in August from a year earlier, the poll of 16 economists found, after a gain of 3.9% in July. Imports likely grew 14.9% last month due to higher oil prices, which would result in a trade deficit of ¥468.7bn ($4.19bn) for the month, the poll showed.
In July, imports grew 14.6%, and the trade deficit was ¥231.2bn.
“There are no clear signs that global trade friction has affected Japan’s exports,” said Takeshi Minami, chief economist at Norinchukin Research Institute.—AFP