Japanese exports fall 36%

Japan’s exports fell by 36% in August to ¥4.51 trillion (£30.3 billion) compared with August 2008, according to trade data released by the Japanese Finance Ministry today.

This followed a 36.5% decline in exports recorded in July. Over the month, exports fell by 0.7%, although the Ministry said this was partly owing to the national holiday season.

Imports fell by 41% to ¥4.3 trillion, which means that exports had a higher value than imports for the seventh consecutive month.

Japan recorded a trade surplus of ¥185 billion, compared with a deficit of ¥314 billion recorded in August 2008.

Exports to America fell by 34.4% and exports to Europe fell by 45.9%. Exports to China fell by 27.6%.

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