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Japan exports knocked by weak U.S. shipments, hurt economic recovery
Japan's exports declined in August as shipments to the United States contracted, another sign the economy is struggling to rev up after a deep slump in April-June. A further period of lackluster exports and slack domestic demand could force the government and the Bank of Japan to find new ways to prop up the economy. Exports fell 1.3 percent in August from a year ago, less than the median estimate for a 2.6 percent annual decline. That followed a 3.9 percent annual gain in the previous month after having fallen in June and May. The patchy performance has dashed hopes that external demand can offset a consumer ... (full story)