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By Yang Jie
Japan’s exports fell for a 2nd straight month in August, dragged down by weakening desire for mineral fuels and semiconductor producing tools, official knowledge confirmed Wednesday.
Exports fell .8% in August from a yr earlier, worsening from July’s .3% decrease, in accordance to facts unveiled by the Ministry of Finance. Economists surveyed by details service provider FactSet had projected exports to fall .5%.
Lessen shipments of things these kinds of as chip-generating equipment and mineral fuels led to a drop in exports to China and Asia, which fell 11% and 8.8%, respectively.
Nevertheless, exports to the U.S. and EU ongoing to expand, climbing 5.1% and 12.7%, respectively on better shipments of products and solutions these kinds of as cars.
Write to Yang Jie at [email protected]
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