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Japan’s exports in April see steepest drop in 10 years

ISLAMABAD: Japan’s exports witnessed the steepest drop in April in more than 10 years as the coronavirus pandemic saw overseas demand slump amid global business shutdowns and stay-at-home orders, the government said in a report. According to the Finance Ministry, exports in the recording period plummeted 21.9 percent from a year earlier to 5.20 trillion yen (48.24 billion US dollars), marking the 17th straight month of decline. The decline marked the steepest drop since a 23.2-percent dive booked in October 2009 in the wake of the global financial crisis, the ministry’s data showed. TLTP



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