emirates7 - Japan’s exports experienced their sharpest monthly decline in roughly four years in July, according to government data released Wednesday, reflecting the growing impact of U.S. tariffs.

Overall, Japan’s exports fell 2.6% year-on-year in July, marking the largest monthly since February 2021, when they decreased by 4.5%. This decline exceeded the median market expectation of a 2.1% and represented the third consecutive month of falling exports, following a 0.5% decrease in June. Exports to the United States specifically dropped 10.1% compared with the same month last year.