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Friday, July 24, 2009

Japan's export fall

Japan's exports in June fell by the smallest margin in six months, adding to evidence that global demand is recovering as the recession loosens its grip.

Shipments from the world's second-biggest economy fell 35.7 % from a year earlier, an improvement from a 40.9% decline in May.. Exports have fallen every month since October. As a result of a bigger fall in imports, Japan posted a trade surplus of 508 billion yen , the highest value since March 2008, according to Japan Ministry of Finance.

It's good news for the Japanese economy which relies heavily on the world to buy its cars and gadget. I think they can survive and become more greater powerful country

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