Japan exports fall 12.9 percent year/year in January - MOF | Reuters

TOKYO Japan's exports fell 12.9 percent in January from a year earlier to mark a fourth straight month of declines, Ministry of Finance data showed on Thursday, in a sign of weakness in external demand amid a China-led global slowdown.

The fall compared with the median estimate of an 11.3 percent decrease in a Reuters poll of economists. It followed an 8.0 percent drop in December.

Imports fell 18.0 percent in the year to January, versus the median estimate of a 16.0 percent decrease. The trade balance swung to a deficit of 645.9 billion yen ($5.7 billion), against the median estimate of a 680.2 yen billion yen shortfall.

(Reporting by Tetsushi Kajimoto; Editing by Chris Gallagher)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Feb 18, 2016 06:00 AM

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