FX.co ★ Japan Exports Drop the Most in Over 4 Years

Japan experienced a 2.6% year-over-year decline in exports in July 2025, marking the third month in a row of decreases and representing the steepest drop since February 2021. This downturn was more severe than market expectations, which anticipated a 2.1% decline, primarily due to extensive U.S. tariffs that have reduced overseas demand.