Thursday, 19 November 2015

Japan exports fall in October for first time in 14 months

Japanese exports fell for the first time in 14 months in October, exacerbating concerns for an economy already in recession and struggling to muster inflation despite aggressive monetary stimulus. Exports slumped 2.1 percent from a year earlier in October, while imports fell 13.4 percent, data from the Ministry of Finance showed on Thursday.
 The decline in exports was in line with forecasts in a Reuters poll, although the slump in imports was much more stark than forecast, as economists had expected a decline of 8.6 percent. The decline in exports portends renewed weakness in the world's third-largest economy as shipments had until now held up relatively well despite weaknesses in other pockets.

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