Wednesday, 25th November 2009
In Business In Japan,
Fall in exports slows in Japan
The rate at which Japanese exports have fallen was at its lowest level for a year last month, new figures have revealed.
According to official figures, exports fell by 23.2 per cent in October, which is less than the forecast drop of 26.5 per cent which was put forward by economists.
Among the products adding to the drop in exports are cars and steel, it is noted.
The country is currently emerging from its deepest recession since the end of the second world war, a downturn caused by weak global demand for much of the electronic products and other items which bolster the Japanese economy and manufacturing sector.
The recovery has been helped along with the help of government stimulation.
Commenting on the news, Adrian Foster from Rabobank told Dow Jones: "Japan is clearly participating in the global rebound and its Asian neighbours in particular are lending a helping hand."
Written by Mark Smith.
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