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Japan exports fall 12.9% in January

Exports declined for four straight months

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Reuters Tokyo

Japan's exports fell 12.9% in January from a year earlier to mark a fourth straight month of declines, Ministry of Finance data showed on Thursday, in a sign of weakness in external demand amid a China-led global slowdown.

The fall compared with the median estimate of an 11.3% decrease in a Reuters poll of economists. It followed an 8.0% drop in December.

Imports fell 18.0% in the year to January, versus the median estimate of a 16.0% decrease. The trade balance swung to a deficit of 645.9 billion yen ($5.7 billion), against the median estimate of a 680.2 yen billion yen shortfall.

 

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First Published: Feb 18 2016 | 5:38 AM IST

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