关税阴霾下，日本出口连续第二个月放缓

Group 1 - Japan's April exports increased by 2% year-on-year, marking the second consecutive month of slowdown and the lowest growth rate since October of the previous year [1] - Imports in Japan shrank by 2.2% year-on-year, which was less than the expected decline of 4.5% [1] - Japan's trade deficit narrowed to 115.8 billion yen (approximately 803.1 million USD), lower than the expected 227.1 billion yen, with March's trade deficit recorded at 559.4 billion yen [1] Group 2 - Japan's manufacturing sector is under pressure due to high tariffs imposed by the U.S., particularly a 25% tariff on automotive, steel, and aluminum exports [2] - In 2024, automobiles are projected to account for 28.3% of Japan's total exports to the U.S., making it the largest export category [2] - The uncertainty surrounding tariffs poses a continuous risk to Japan's export-driven economy, potentially leading to further profit pressures for export-oriented companies [2]