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Japan July exports fall 1.6% year-on-year - ministry of finance

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Japan July exports fall 1.6% year-on-year - ministry of finance
FILE PHOTO: A laborer works in a container area at a port in Tokyo, Japan July 19, 2017. REUTERS/Toru Hanai/File Photo   -   Copyright  TORU HANAI(Reuters)
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TOKYO (Reuters) – Japan’s exports fell 1.6% in July from a year earlier, slipping for an eighth straight month, Ministry of Finance data showed on Monday.

The result compared with a 2.2% decrease forecast by economists in a Reuters poll. It followed a 6.6% drop in June.

Imports slipped 1.2% in the year to July, versus the median estimate of a 2.7% decline.

The trade balance came to a deficit of 249.6 billion yen (1.9 billion pounds), against the median estimate of a 200.0 billion yen deficit.

(Reporting by Daniel Leussink; Editing by Chris Gallagher)

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