Japan’s Exports Decelerate, Keeping Pressure on Fragile Economy
- Global trade seen remaining on sluggish trend for time being
- Japan shipments to China fall while those to US, Europe climb
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Japan’s exports rose at a slower pace in October, offering little extra support as the nation’s economy tries to avoid a technical recession in the second half.
The value of exports gained 1.6% from a year earlier, slowing from a 4.3% increase in the previous month, the finance ministry reported Thursday. Economists had forecast a 1% increase. Shipments were pushed up by a solid gain in cars especially to the US, but gains were limited by continued double-digit declines in chip-making gear exports.