• Japan’s exports in November fell for the first time in three months dragged down by China-bound chip shipments, underscoring worries that slowing overseas economies will complicate policymakers’ efforts to wind back on stimulus.
  • November exports fell 0.2% from the same month a year earlier, Ministry of Finance data showed on Wednesday. It was the first year-on-year decline in three months.
  • China-bound exports fell again in November, down for the 12th month in a row.
  • Imports fell 11.9% in the year to November, versus the median estimate for an 8.6% decrease, bringing the trade balance to a deficit of 776.9 billion yen. It was a second straight month of shortfall.