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Japanese exports -10.3% Y/Y in September vs consensus of -9.6% for the biggest drop since May...

Japanese exports -10.3% Y/Y in September vs consensus of -9.6% for the biggest drop since May 2011. Imports +4.1% vs +2.9%. Trade deficit ¥558.6B vs ¥547.9B for the first September shortfall since 1979. Exports to China -14.1% as the East China Sea islands row takes a toll. Sales to EU -21.1%, to U.S. +0.9% vs +10.3% in August.
Comments (1)
  • BruceInKY
    , contributor
    Comments (404) | Send Message
     
    Ouch. I was wondering what effect the Senkaku "dispute" (a.k.a. Chinese power grab and naked challenge to US and Japan) would have on September numbers. Consider the corollary impact on supply chain partners in South Korea and Taiwan; they must be negative 10-12+% as well.
    22 Oct 2012, 08:55 AM Reply Like
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