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Japan's Exports Grow at the Slowest Pace in More Than a Year

  • Shipments to China drop 3.5% in September from a year earlier
  • Export weakness adds to worries about industrial production
Updated on

Japan’s exports grew at the slowest pace in more than a year in September, with a drop in shipments to Asia all but overwhelming gains in sales to Europe and the U.S.

The trade data are one of the most crucial economic indicators before the Bank of Japan meets on Oct. 30 to consider whether the nation needs more monetary stimulus to stoke inflation and economic activity. Exports to China, India, Indonesia, Thailand and Malaysia all fell as the slowdown in China’s economy sapped demand across Asia.