Japan's Export Growth Hits 8-Month Low
Japan's export growth in October hit its lowest mark in eight months, notching only a 9.4% year-over-year expansion, according to Ministry of Finance data. Economists had expected a 10.3% gain, Bloomberg reported Nov. 16. The lowered gains come as car…
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shipments continue to slump and global supply constraints still weigh on the nation's economy. Steel and semiconductor manufacturing equipment saw healthy gains, but car exports dipped by more than a third. The data was released just a few days before Prime Minister Fumio Kishida is expected to release a package of measures to boost Japan's economy, including shoring up Japan's chip supply, Bloomberg said.