Japan exports fall least in a year in Oct

Font Size

Print

Feedback

Email

Discuss

• Discount UK Shopping

Related Articles

Need to do a better job to double Indo-US trade in...Pranab to hold Chair at G-24 2nd timeIndia makes global moves with trade talks meetObama to unveil trade policy agenda

: Japan’s exports fell at the slowest pace in a year in October as worldwide government spending boosted demand, sustaining the economic recovery. Shipments abroad slid 23.2% from a year earlier, compared with a 30.6% decline in September, the finance ministry said on Wednesday in Tokyo. The median estimate of 18 economists surveyed by Bloomberg was for a 26.8% drop.

The figures suggest Japan’s rebound from its deepest postwar recession will extend into this quarter as Asian demand spurs sales for manufacturers from Honda Motor Co to Hitachi Construction Machinery Co Exports helped the economy expand at the fastest pace in more than two years in the third quarter, even as prices of goods declined and the yen gained. “Exports to Asia have been very strong,” said Seiji Shiraishi, chief economist at HSBC Securities Japan Ltd in Tokyo. “By January to March next year, we should start to see a slowdown” as the effect of global stimulus fades, he said.