Japan's Recovery is a Good Sign!

Japan's Recovery is a Good Sign! Japan's recovery is a good sign. The recovery in the country's exports showed that the bottom point is averted. However, Japan's exports fell by 14.8 percent on an annual basis in August. Japan's exports declined the slowest in August in the last five months as the gradual recovery in trade and the rise in demand continued. Exports, which fell 19.2 percent in July, dropped 14.8 percent in August compared to the same period in 2019, according to data released by the Japanese Ministry of Finance on Wednesday. Economists expected exports to fall 16.1 percent. Accordingly, the data showed that the negative effects of the epidemic on trade were bottomed out. Exports in automobiles and other motor vehicles continued to experience the largest fall with 19.4 percent decline, but recovered at the fastest pace compared to a 30 percent drop in July.