- CNTV English - CCTV News

Japan's export growth slows for 5th month

08-25-2010 11:10 BJT

Watch Video

Play Video

Wednesday's figures show Japan's export growth slowed for the fifth straight month in July, though Japan's Ministry of Finance reports more than expected growth on Wednesday. That's adding to signs the global economy is losing momentum.

The value of exports climbed 23.5 percent from a year earlier, to 6 trillion yen. But exports expanded more than 27 percent in June, and more than 32 percent in May. The latest figures come as the country faces the growing threat of a strong yen, shrinking the value of repatriated profits for exporters, and making their products less competitive overseas.

Economists expect exports to continue slowing in the months ahead, as governments around the world wind down stimulus measures and focus on controlling spending and debt.

Related stories

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program