Japan’s exports fell 10% in October, the 13th straight drop and worse than the 8% slide economists expected. The country’s export woes are driven by a stronger currency than a year earlier, though a weakening since the U.S. elections may help reverse this. Exports to the U.S., the most important market for Japan according to Panjiva data, dropped 11%. This was due to general weakness in autos. Exports of parts fell 29%, completed vehicles were down 17% and agricultural / construction machinery which experienced a 52% slump.
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