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Japan July exports fall at fastest pace since financial crisis

Friday, August 19, 2016 - 05:50
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The yen has risen around 20 per cent versus the dollar so far this year and further gains would cut deeply into exporters' earnings and increase deflationary pressure by lowering import prices.

Tokyo

JAPAN'S exports tumbled in July at the fastest pace since the global financial crisis with a resurgent yen adding to the challenge of weak external markets - leaving the economy and the government more reliant on shaky domestic demand to drive growth.

Japan's exports have now