TOKYO | Japan trade deficit highest in 5 yrs, hit by China doldrums

19Feb - by Editor - 0 - In STL.News

TOKYO (AP) — Japan reports its exports tumbled 8.4 percent in January from a year earlier, as slowing Chinese growth pushed its monthly trade deficit to the highest level in nearly five years.

Exports to all of Asia dropped 13 percent year-on-year, largely due to the 17 percent plunge in shipments to China, where growth recently has fallen to its slowest pace in three decades.

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