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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.
- Japan export growth slows in June 2010-07-26