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Japan's extended exports slump could push BOJ to ease next week

Added 10-20-19 11:03:02pm EST - “Japan's exports contracted for a 10th straight month in September, adding t...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Japan's extended exports slump could push BOJ to ease next week”. Below is an excerpt from the article.

TOKYO (Reuters) - Japan’s exports contracted for a 10th straight month in September, adding to speculation the central bank could ease monetary policy as soon as next week to support an economy hit by a slowdown in global demand.

A bitter Sino-U.S. trade war and slowing growth in China have heightened the risks of a global recession, darkening the outlook for Japan’s economy, the world’s third-largest.

Exports in September slumped 5.2% from a year earlier, Ministry of Finance data showed on Monday, dragged down by car and airplane parts to the United States and semiconductor production equipment to South Korea.

The fall was larger than a 4.0% drop expected by economists and marked the longest run of declines in exports since a 14-month stretch from October 2015 to November 2016.

In volume terms, exports fell 2.3% in the year to September, the second consecutive month of declines.

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