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Japan's export growth slows as global downturn risks loom
Japanese exports grew for a second straight month in October but at a sharply slower pace due to slumping China-bound shipments of chips and steel, as weakening external demand takes its toll on the trade-reliant economy. Weak exports have complicated Japan's efforts to spur economic growth as sluggish domestic demand weighs on the post-pandemic recovery. With the absence of growth drivers, some economists warn Japan could fall into a technical recession, defined as two straight quarters of contraction. Japan's economy fell in July-September, snapping two straight quarters of expansion on soft consumption and ... (full story)