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JPMorgan Chase & Co. Message Board

  • flashcrashcoming flashcrashcoming Oct 22, 2012 12:37 AM Flag

    ...Japan exports drop 10.3% as trade deficit widens

     

    ...Japan exports drop 10.3% as trade deficit widens

    Japan stocks fall sharply after data, U.S. losses
    China central-bank newspaper: No easing for now
    Japan firms hunt talent for overseas ops: report


    By Michael Kitchen
    LOS ANGELES (MarketWatch) -- Japanese exports fell 10.3% in September, compared to a year earlier, while imports rose 4.1%, the Ministry of Finance reported Monday. The drop in exports outpaced expectations for a 10% decrease, according to a Dow Jones Newswires survey. The trade results led to a deficit of 558.6 billion yen ($7 billion), outpacing expectations for a ¥547.9 billion trade gap. The weak performance for exports came as shipments to China fell by just over 14% for the month, while those to Western Europe tumbled 26%, far outweighing a 0.9% increase in U.S.-bound exports.

    Sentiment: Strong Sell

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