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The New Economy

Money Daily Brief: Japanese exports slump

Japan's exports fell 36 percent from a year ago.

By Drew Hinshaw / September 24, 2009

The volume of containers, like these at a wharf in Yokohama, are dwindling at Japanese ports as exports and imports tumble.

Koji Sasahara/AP/File

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Japan's slump: Imports fell 43 percent in August from a year ago, exports dropped by 36 percent, and car shipments plunged 50 percent, in a sign of continuing trouble for the world's No. 2 economy. Also, Japan Airlines is asking for its fourth bailout in eight years as international travel falls. On a lighter note, Honda unveiled a new unicycle-inspired "personal mobility device."

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Drew Hinshaw is a Monitor contributor in Accra, Ghana. For a closer look at the Federal Reserve's interest-rate stance, see Fed statement: interest rates won't go up anytime soon.

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