World Business NewsA round up of the latest news for those doing business internationally
Japanese trade abroad drops after tax hike
Zone(s): Japan ¦ Sector(s): Taxation, Economy
[19 June 2014, CITY A.M.] By Michael Bird: Exporters in Japan reported a small decline in May, the first on record for the country’s businesses in 15 months.
Export values dropped from ¥5.608 trillion (£32.39bn) from ¥5.765 trillion in May 2013. However, imports fell more quickly, down 3.6 per cent to ¥6.517bn over the same period.