Japan's exports slipped for a 12th straight month in November, as declining...
TOKYO - Japan’s exports slipped for a 12th straight month in November, as declining shipments to the United States and China hit the trade-reliant economy, raising the risk of a fourth-quarter contraction.
“Exports are quite weak. A recovery remained out in November even when looking at it on a volume basis,” said Atsushi Takeda, chief economist at Itochu Economic Research Institute. Japan’s economy has been caught in the crossfire of the trade war between the United States and China this year, with increased protectionism and a related global slowdown hurting output and exports from the country.
Exports to Asia, which account for more than half of Japan’s overall exports, dropped 5.7% in the year to November largely due to declining shipments of flat rollers to Thailand.
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