The Bankwatch

Tracking the consumer evolution of financial services

Japanese exports beginning to slow less quickly

The slowing down of the slowdown continues everywhere, but still a long way to go.  We all rely on imports from countries such as Japan, and it seems we are beginning to buy again.

April Curr Acct Surplus Shrinks But Export Fall Slows – Japan

Japan’s current account, the broadest measure of the country’s trade with the rest of the world, logged in April a Y630.5 billion surplus, a decline of 54.5% on year, data released Monday by the Ministry of Finance showed.

But in a positive sign that overseas demand is picking up slightly, exports fell less precipitously in April, dropping by 40.6% to Y3.915 trillion, compared to their 46.5% fall in March.

Researched by Nobuyo Henderson

Written by Colin Henderson

June 7, 2009 at 22:26

Posted in Japan

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