The Trader 

Market Outlook: Japan’s exports fall for 12 consecutive months

The Trader

Overnight November trade data for Japan was published, showing the adjusted trade deficit was 60.8 billion yen because exports fell 7.9 per cent – though worth noting that imports slumped by 15.7 per cent. The drop was blamed mainly on a 5.4 per cent fall in exports to China, Japan’s biggest trading partner. Exports to the rest of Asia fell 5.7 per cent and those to the United States saw a 12.7 per cent decrease, CNBC reports. This is a secular change for a nation which in the 1990s through to 2009 used to run monthly trade surpluses of 500 to 1,000 billion yen.

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