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The growth of exports should support the Japanese economy
The volume of Japanese exports in September increased by 6,9% in annual terms, according to Vesti - Economics, citing official sources.
It is expected that the growth of exports should support the Japanese economy, which declined substantially in the second quarter of 2014 after the consumption tax was increased.
Earlier, the head of the Bank of Japan Haruhiko Kuroda said that the Central Bank will support the weakening of the yen, which has a positive effect on exports.
Exports of cars from Japan in September increased by 7%, iron ore and steel - by 14%. The country has increased imports of LNG by 21%, telecommunications equipment - by 12%.
Japan’s trade deficit last month fell to 958,3 billion yen ($ 9 billion) against 949,7 billion yen a year earlier.