Japan Oct exports up 7.8 pct y/y, slow for 8th mth

(For more stories on the Japanese economy, click [ID:nECONJP])

TOKYO, Nov 25 (BestGrowthStock) – Japan’s exports rose 7.8 percent in
October from a year earlier, the Ministry of Finance said on
Thursday, slowing for an eighth straight month as exporters
grapple with a strong yen and slowing global demand. [JPEXPY=ECI]

The rise was slower than the 10.7 percent gain expected by
economists and followed a 14.3 percent increase in September.
Exports totalled 5.7 trillion yen ($68.5 billion).

Shipments to China and the United States, the two major
export destinations for Japanese goods, rose 17.5 percent and 4.7
percent, respectively.

Imports rose 8.7 percent to 4.9 trillion yen against a
forecast of an 11.2 percent increase. That brought the trade
balance to a surplus of 821.9 billion yen, up 2.7 percent from a
year earlier. [JPTBAL=ECI]

Following is a table of the main figures. Economists’ median
forecasts are in parentheses:
————————————————————–
(Unadjusted, mln yen, y/y)

OCTOBER YEAR AGO PCT CHANGE
Overall balance +821,897 (870,000) 800,060 +2.7
Exports 5,723,565 5,308,319 +7.8 (+10.7)
Imports 4,901,668 4,508,259 +8.7 (+11.2)
————————————————————–
To view full tables, go to the MOF website:
http://www.customs.go.jp/toukei/info/index_e.htm
(Reporting by Tetsushi Kajimoto; Editing by Chris Gallagher)

Japan Oct exports up 7.8 pct y/y, slow for 8th mth