Tag Archives: economy

Japanese exports fall 2.2% in March due to tsunami


Japanese exports fell more than expected in March, as damage from last month’s earthquake and tsunami affected shipments. (bbc.co.uk)

According to the finance ministry exports declined 2.2% from a year earlier, the first drop in 16 months.

Shipments of cars tumbled 28% as the sector continued to be hit by shortfall of parts and slowdown in production.

The earthquake and tsunami has damaged factories and disrupted the supply chain. Continue reading