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Japan and South Korea have reduced trade
The volume of trade between South Korea and Japan fell to 43 billion dollars in the first half of the year and reached a minimum level from 2009 of the year, according to IA RUSCOR.
South Korean exports to Japan declined by more than 5 percent over the same period last year. Imports from Japan fell by more than 12 percent.
The International Trade Association of Korea explains the decline in Japan’s attempts to reduce imports to increase satisfaction of domestic demand. The trade volume between the two countries may decrease even more, as South Korea actively develops cooperation with other states.