Japan exports down for fifth straight month

Japan’s export growth slowed for a fifth straight month in July, official data showed Wednesday, amid signs a fragile recovery was continuing to lose steam, with the strong yen posing a threat.

Exports climbed 23.5 percent to 5.98 trillion yen (70.9 billion dollars), less than June’s 27.7 percent but above market expectations of 21.8 percent. Imports rose 15.7 percent to 5.18 trillion yen, the finance ministry said.

Strong demand for automobiles, high-tech products and factory parts have helped offset a weaker domestic picture, enabling Japan’s biggest companies to return to profit and bring about a tentative economic recovery.

Read the rest of the story: Japan export growth slows for fifth straight month – Yahoo! News.

Leave a Reply

Your email address will not be published.