Economics
Japan's Exports Add to Abe's Woes as China Slowdown Saps Demand
- Shipments abroad slow down for second month in August
- Economic data flow for third quarter points to weakness
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Japan’s export growth slowed for a second month, signaling waning overseas support for an economy that’s already beset by weakness at home.
The value of shipments rose 3.1 percent in August from a year earlier, compared with estimates compiled by Bloomberg for a 4.3 percent increase. Imports dropped 3.1 percent, leaving a deficit of 569.7 billion yen ($4.7 billion), according the figures released by the finance ministry Thursday.