RealNews

Japanese exports plunge nearly 50%

Japan’s exports nearly halved last month, the biggest decline on record, as car shipments to the US and Europe plummeted. Exports tumbled by 49.4%, the sharpest decline since Japan’s ministry of finance began compiling trade figures in 1980. Japan’s carmakers have been among the hardest hit by the global downturn. Shipments of cars plunged 64%, with those to the US down 71%. Overall exports to the US fell by 58%. Full Story

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