Japan posted two straight years of export gains, led by solid U.S.-bound shipments of cars, although expectations of a strong recovery in demand are quickly fading amid global monetary tightening and worries about banks worldwide. | Reuters
It marked the biggest trade shortfall for the month of February.
Monetary tightening across the world, supply chain constraints and the Ukraine war have undercut Japan’s recovery. Core machinery orders rose 9.5 percent in January from a year earlier, the biggest monthly hike in more than two years.
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