Japan's Export Growth Slows in October While US Exports Hit Record
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Japan's October export growth slowed to 1.6% year-on-year, down from 4.3% in September.
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Exports to China fell 4% amid 11 straight months of declines. Exports to US rose 8.4% to a record high.
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Imports fell 12.5% in October, contributing to a trade deficit of 662.5 billion yen.
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Core machinery orders rose 1.4% in September, seen as a leading indicator of capital spending.
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Manufacturers expect core orders to rise 0.5% in Q4, after a 1.8% drop in Q3, a positive sign for domestic recovery.