TOKYO (Reuters) – Japan’s exports fell 1.6% in July from a year earlier, slipping for an eighth straight month, Ministry of Finance data showed on Monday.
The result compared with a 2.2% decrease forecast by economists in a Reuters poll. It followed a 6.6% drop in June.
Imports slipped 1.2% in the year to July, versus the median estimate of a 2.7% decline.
The trade balance came to a deficit of 249.6 billion yen (1.9 billion pounds), against the median estimate of a 200.0 billion yen deficit.
(Reporting by Daniel Leussink; Editing by Chris Gallagher)