By Makiko Yamazaki
TOKYO (Reuters) – Japan’s exports dropped for a third straight month in July, government data showed on Wednesday, as U.S. tariffs continued to weigh on manufacturers, raising concerns about the outlook for the country’s export-reliant economy.
The outcome follows unexpectedly strong growth in gross domestic product (GDP) in the April-June quarter, separate data showed last week, fuelled by surprisingly resilient exports and capital expenditure.
Total exports from the world’s fourth-largest economy dropped 2.6% year-on-year in July in value terms, more than a median market forecast for a 2.1% decrease and following a 0.5% drop in June.
Exports to the United States in July fell 10.1% from a year earlier, while those to China were down 3.5%, the data showed.
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