The Traderszone Network

Published in TZ Latest News 20 October, 2015 by The TZ Newswire Staff

Japan export growth slows sharply, raising fears of recession

Japan’s annual export growth slowed to a crawl in September as slumping sales in China shrank the volume of shipments, raising fears that weak overseas demand may have pushed the economy into recession. Ministry of Finance data showed exports rose just 0.6 percent in the year to September, against a 3.4 percent gain expected by economists in a Reuters poll. A third quarter contraction would put Japan into recession, following the second quarter’s negative GDP result.