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Japan's exports rose less than expected as slowing growth abroad and the strength of the yen1 have held back the country's economic recovery.
国际经济增长缓慢以及日元汇率的不断增长阻止了日本经济的复苏,并使出口增长少于预期值。
Shipments overseas increased by 2.8% in August, said the Ministry2 of Finance. Analysts3 were expecting a rise of 8%.
That combined with a jump in imports caused the country's trade deficit4 to widen more than expected.
Analysts said that the recent recovery in shipments was now losing steam.
"Growth in exports was slower than expected. The recovery in auto6 exports seems to be losing momentum7, and electronics exports were not so good either," said Yoshimasa Maruyama from Itochu Corporation in Tokyo.
Yen action
The Japanese currency has been appreciating for some time as global investors8 see it as a safe haven9 at a time of global economic uncertainty10.
Japan has an export driven economy and a strong yen has made its exports more expensive.
Demand for those exports has been further hit by a slowdown and economic instability in Europe and the US.
"The impact of the slowing global economy is starting to become visible in Japan's export figures," said Takeshi Minami, from Norinchukin Research Institute.
On Tuesday, the newly formed Japanese government announced new measures to try and help companies offset11 the high value yen.
The yen's rise has forced large companies to reconsider keeping Japan as their manufacturing base, with some expressing the intention to move operations overseas.
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