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Japan's exports grow in December for first time in 15 months, imports decline

Published on January 26th, 2010; Published on January 26th, 2010

Topics :: Japan , Asia , TOKYO

TOKYO - Japan's exports grew for the first time in 15 months in December, helped by robust demand in Asia, the finance ministry said Wednesday.

Exports - which are a mainstay of Japan's economy, the world's second-largest - jumped 12.1 per cent from a year earlier to 5.4 trillion yen (US$60 billion) in the month.

Asia-bound exports, which account for more than 50 per cent of Japan's total shipments, surged 31.2 per cent to 3.0 trillion yen in December, the ministry said.

Japan's exports to China also expanded 42.8 per cent to 1.1 trillion yen in the month.

The ministry said Japan's exports in December slipped 5.5 per cent year-on-year to 4.9 trillion yen.

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