TOKYO ? Japan's exports fell for the second straight month in November, hit by faltering demand from Asia and Europe
Exports shrank 4.5 percent from a year earlier to 5.198 trillion yen ($66.7 billion), according to a finance ministry report released Wednesday. The result is steeper than October's 3.8 percent decline.
The data underscore the growing pressures facing the world's third-largest economy, which relies heavily on exports to drive growth. A persistently strong yen, Europe's debt problems and the recent flooding in Thailand are eroding gains made since the March earthquake in Japan disrupted manufacturing.
Economists predict economic growth will slow this quarter after the economy expanded at an annualized rate of 5.6 percent in the July-September period.
Shipments to Asia ? usually a source of robust demand ? fell 8 percent in November. Exports to the European Union and the Middle East also retreated, while those to North America rose slightly.
By sector, electrical machinery exports took a 10.7 percent hit as demand for semiconductors and audio equipment tumbled. Motor vehicles shipments slipped 0.6 percent from a year earlier.
Meanwhile, imports jumped 11.4 percent to 5.882 trillion yen as Japan bought more fossil fuels to meet electricity demand.
That resulted in a November trade deficit of 684.7 billion yen. It was the second straight monthly deficit.
au pair trinidad trinidad jeff bezos slither slither craigslist killer
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.