Japan exports to China fall amid territorial dispute

Release time:2012-11-21 Article source: Reading times: A+AA-
  Japan's exports to China have fallen further, as a territorial dispute between both nations hurt sales of Japanese products to Chinese consumers.
  Shipments to China fell 11.6%, from a year earlier. This follows a 14.1% decline in September.
  The decline in exports to China has added to Japan's economic troubles, as it faces falling demand from other key markets such as the US and eurozone.
  China is Japan's biggest trading partner.
  However, relations have soured in recent weeks after a territorial dispute flared up in September.
  It followed Japan's purchase of disputed islands in the East China Sea, known as Senkaku in Japan and Diaoyu in China.
  The move led to widespread anti-Japan protests in China, which turned violent in some areas with people directing their anger at Japanese brands.
  Analysts said the row may continue to damage trade between the two countries in the short term.
  "You can't expect China to drive Japanese exports the way it used to, because of the boycotting of Japanese products there due to a territorial dispute," said Takeshi Minami, chief economist at Norinchukin Research Institute in Tokyo.
  Japan's overall exports fell 6.5% in October, from a year earlier, according to the Ministry of Finance.

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