CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Japan’s January exports slide the most in two years

The fall last month marks the sharpest dip since October 2016.

Exports in Japan fell the most in more than two years in January, following a sharp fall in orders for the country’s machinery goods and weakened business confidence sentiments.

Japan’s exports fell by 8.4% compared to a year ago, extending from the 3.9% decline in December, data from the Ministry of Finance showed on Wednesday. January’s reading was worse than the 5.5% decline economists in a Reuters poll had expected.

The fall last month marks the sharpest dip since October 2016.

The export results comes after weak overseas orders for machinery which fell the most in more than a decade in December. This is as trade friction between China and the US are stalling global supply chain demand.

Japanese exports to China, Japan’s biggest trading partner, fell by 17.4% for last month, but the fall could have been partly due to slower shipments ahead of the Chinese New Year holidays which took place in early February.

Japan’s shipments to Asia, which amounts to more than half of overall exports, fell 13.1% for last month, extending the 6.9% decline in December.

For last year, the annual growth in exports eased to 4.1% from 11.8% in 2017, due partly to the trade tensions caused between China and the US, which affected orders.

On Tuesday, US President Donald Trump said that the trade talks with China are progressing well. The US president also hinted on being open to pushing off the trade truce deadline to finalise negotiations between both parties.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Start trading forex today

Trade the largest and most volatile financial market in the world.

  • Spreads start at just 0.6 points on EUR/USD
  • Analyse market movements with our essential selection of charts
  • Speculate from a range of platforms, including on mobile

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
Sell
Buy
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Sell
Buy
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
Sell
Buy
Updated
Change
-
-
-
-
China 300
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

Prices above are subject to our website terms and agreements. Prices are indicative only

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Monday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.