Japan’s exports slow as U.S. tariffs bite, risking a recession

Japan’s exports have slowed as U.S. tariffs accelerate, with April data showing a 2% growth from March's faster pace due to challenges in car and steel shipments. Exports slightly undershot estimates while imports dropped notably, partly driven by lower coal and oil activity. Japan now faces a deficit after two months of surplus, indicating heightened risks for its trade balance as tariffs intensify.