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MNI BRIEF: Japan Sep Exports Posts Seventh Straight Y/Y Rise

(MNI) Tokyo

Japan's exports rose 13.0% y/y in September for the seventh straight rise but down from +26.2% in August, according to data released on Wednesday by the Ministry of Finance.

Imports rose 38.6% y/y for the eighth straight gain following +44.7% in August. Japan posted an overall trade deficit of JPY622.8 billion for the second straight deficit following a deficit of JPY637.2 billion in August. Exports of automobiles fell 40.3% y/y in September, reversing from +4.0% in August, clearly showing the impact of the supply chain disruptions, see: MNI: Japan Government Lowers Exports, Production Views.

Exports to China, Japan's largest trading partner, rose 10.3% in September for the 15th straight rise following +12.6% in August, showing its slowing economy.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
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MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
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