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Japan export growth slows to 2.8% in August

09-21-2011 13:13 BJT

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Japan's exports for the year until August were higher, but they rose at less than half the pace expected. The main reasons for the lower figures were mainly because of the global economic slowdown, a strong currency and Europe's sovereign debt crisis. All those factors are now putting the country's own recovery in doubt.

Data from the Ministry of Finance shows exports rose 2.8 percent in August from a year earlier. That is much less than a median forecast for an eight percent annual increase. The figures are likely to provide little comfort as the country's newly formed government tries to kickstart reconstruction spending to prevent a strong yen after a massive natural disaster in March.

Economists warn the impact of the slowing global economy is starting to become visible in Japan's export figures, and exports may go back to posting year-on-year declines.

Japan's exports for the year until August were higher, but they rose at
less than half the pace expected.

Editor:Li Wanran |Source: CNTV.CN

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