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MNI BRIEF: Japan Aug Exports Post 18th Straight Rise; Auto Exports Up

(MNI) Tokyo

The Bank of Japan will be pleased with continued export growth, though the trade deficit widened to a record on high commodity prices and a weak yen.

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August export data continues to support the Bank of Japan's view that the impact of Shanghai’s lockdowns on automobile makers is waning but bank officials are worried about the impact of lingering semiconductor shortages on exports.

Officials also judged that the impact of a slowing U.S. economy on exports hasn’t been observed yet.

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August export data continues to support the Bank of Japan's view that the impact of Shanghai’s lockdowns on automobile makers is waning but bank officials are worried about the impact of lingering semiconductor shortages on exports.

Officials also judged that the impact of a slowing U.S. economy on exports hasn’t been observed yet.

Keep reading...Show less