Japan's government said on Wednesday the economy was in moderate recovery but it remains cautious due to potential global economic risks and financial market volatility. In its monthly economic report,

Japanese exports rose at a slower-than-expected pace in August, adding to concerns about the outlook for the global economy.

Japan's export growth slowed sharply in August as shipments to the U.S. dropped for the first time in three years, while machinery orders unexpectedly shrank in July in a worrying sign for an economy struggling to mount a solid recovery.

Japan’s trade deficit decreased to JPY 695.30 billion in August 2024 from JPY 940.10 billion in the same month a year earlier, but it was still above market expectations of a JPY 1,380B