TOKYO: Japan’s exports fell last month for a 13th consecutive month and by more than expected as the strength of the yen and weak foreign demand weighed on trade, although current yen weakness could change the outlook.
Ministry of Finance data showed yesterday that exports fell 10.3 per cent in the year to October, pulled down by a strong rise in the value of the yen and lower export volumes, much weaker than the expected 8.6 per cent drop and September’s 6.9 per cent decline. The trade results came on the heels of recent data showing Japan’s economy expanded for a third quarter from July to September as exports recovered and imports fell.
