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Macroeconomic indicators - Japanese exports dropped by 12pct YoY in April
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Thursday, 26 May 2011
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The Jakarta Post reported that Japan's exports in April fell 12.5% YoY as production tumbled after the March 11th 2011 earthquake and tsunami.

As per report, exports declined to JPY 5.16 trillion in April 2011. Imports in April rose 8.9% YoY to JPY 5.62 trillion. Japan's exports to the United States dropped 23.3%, and Asia bound shipments declined 6.6% in April. Japan's exports to China also fell 6.8%, marking the first YoY decline in 18 months.

It may be recalled that the earthquake and tsunami left more than 24,000 people dead or missing and destroyed hundreds of factories in the northeast coastal region, forcing manufacturers such as Toyota Motor Corporation and Sony Corporation to suspend production.

A tumble in output caused a drop in exports in March and April.

(Sourced from www.thejakartapost.com)

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