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Economy

Japan's July exports fall 1.6% as shipments to China plunge

Manufacturer confidence turns negative for first time in over 6 years

Japan's July exports were dragged down by car parts and semiconductor production equipment.   © Reuters

TOKYO (Reuters) -- Japan's exports slipped for an eighth month in July, while manufacturers' confidence turned negative for the first time in over six years as China-bound sales slumped again in a fresh sign the Sino-U.S. trade war could tip the economy into recession.

The gloomy data underscored the challenge for Japanese policymakers worried that prolonged weakness in external demand will drive a sharp economic downturn at home.

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