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Japan export growth slows


Japan export growth slows


Japan’s exports were better than expected in September up14.4 percent increase from a year earlier, but they did slow for the seventh consecutive month.

That implies the Japanese economy is feeling the effects of the strong yen and less demand in overseas markets, leading to slowing growth in shipments of cars and steel.

The figures were released as the yen hit a fresh 15-year high against the dollar.

Investors interpreted a Group of 20 finance ministers’ agreement over the weekend to shun competitive devaluations as a green light to resume selling the dollar.

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