Japan's exports dive 28.3% in May amid coronavirus, worst drop since GFC

According to a preliminary report by the Finance Ministry, Japan’s exports plummeted 28.3% in May vs. -17.9% expected and -21.9% last.

The dive in exports marked the 17th consecutive month of decline and the steepest fall since a 23.2 percent plunge in October 2009, courtesy the wake of the global financial crisis (GFC).

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