🇯🇵 Is Japan Entering a Recession? Clear Signs of Economic Slowdown 📉
Japan's exports in June fell -0.5% YoY, marking the second consecutive monthly decline.
Notably, auto exports plunged -27%, and steel exports dropped -29%.
Analysts point to high U.S. interest rates and slowing demand in emerging markets as key factors behind the sharp contraction.
The export slump, led by the manufacturing sector, is a warning signal for the Japanese economy 🚨
#JapanEconomy #Recession #ExportDecline #AutoIndustry #SteelIndustry