Japan's Export Growth Slows, Trade Deficit Emerges

Decline in exports to China and global downturn risks put pressure on Japan's economy, despite increased exports to the U.S..

Japan's exports rose by 1.6% in October, a slower pace compared to the 4.3% increase in September.
Exports to China, Japan's largest trading partner, fell by 4.0% year-on-year in October, marking 11 consecutive months of decline.
Exports to the United States increased by 8.4% in the year to October, driven by demand for hybrid vehicles and mining and construction machinery.
Imports fell by 12.5% in the year to October, leading to a trade deficit of 662.5 billion yen ($4.38 billion).
Japan's core machinery orders, a leading indicator of capital spending, rose by 1.4% in September, and manufacturers expect core orders to rise by 0.5% in October-December.