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Japanese exports fell a more than expected 5.8% in December, outpacing expectations for a 4.7%...

Japanese exports fell a more than expected 5.8% in December, outpacing expectations for a 4.7% dip, as shipments to China slipped again and even U.S.-bound exports shrank. Imports rose 1.9%, sending the trade deficit to ¥641.5B ($7.24B), which was also wider than economists forecast of ¥548.5B. Exports to China have declined recently over political tensions between the two nations, fell 15.8% in December, while those to the U.S. slipped 0.8%, the first decline in nearly 14 months. Exports to Western Europe fell 12.3%.
Comments (1)
  • divinecomedy
    , contributor
    Comments (466) | Send Message
     
    And they still want the currency to be strong? Insanity abounds.
    23 Jan 2013, 08:05 PM Reply Like
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