Japan's exports fall for second month, deepening fears of a recession as U.S. tariffs bite.

Japan's exports declined for the second month in a row in June, missing forecasts and deepening recession fears. Exports dropped 0.5% year-over-year, with a significant 11.4% fall in exports to the U.S. due to ongoing tariffs. Imports rose 0.2% year-over-year, resulting in a trade surplus of 153.1 billion yen. With a 25% tariff on all exports to the U.S. set to take effect in August, analysts warn that Japan's export-reliant economy could face a technical recession.