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Eel exports to Japan shrink

08-24-2010 08:47 BJT

The appreciation of the yen didn't translate into rising Japanese imports. One example is eel from Fujian province, which has seen falling orders as a result of the sluggish Japanese economy.

Eel exports from Fuqing in Fujian province to Japan, account for 60 to 70 percent of overall sales. But the industry has felt the pinch from falling Japanese consumption. The weakening economy has taken its toll on Japan's consumption ability. Although the yen is appreciating, Japanese orders have actually fallen this year.

Lin Gui, Eel exporter said "In previous years, now would be the time we see a lot of orders from Japan. But this year, Japanese importers are still hesitating about the price. They are reluctant to order as much eel as in previous years."

Editor:Xiong Qu |Source: CNTV.CN

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