Japan's exports fall, but by less than expected

LOS ANGELES (MarketWatch) -- Japan's exports fell in November from their year-earlier levels, the Finance Ministry reported Wednesday, with the trade deficit widening from the previous month. November exports fell 4.1%, less than the 5.2% drop expected in a Dow Jones Newswires survey of economists and the 5.4% decrease tipped in a Reuters poll. Imports rose 0.8%, meanwhile, sending the trade deficit for the month to 953.4 billion yen ($11.4 billion), widening from October's Y549 billion trade gap. The deficit was the widest since January's record-wide deficit. Shipments to China tumbled 14.5%, continuing their fall amid a territorial dispute between the two nations that has led some Chinese to boycott Japanese goods. Exports to the U.S. rose 5.3%, while those to the European Union dropped 19.9%.

Source: http://feeds.marketwatch.com/~r/marketwatch/marketpulse/~3/oDA4pHsLYok/story.aspx

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