Japan Feb exports fall 2.9 pct year/year - MOF

Wed Mar 20, 2013 7:56pm EDT

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TOKYO, March 21 (Reuters) - Japanese exports fell 2.9
percent in February from a year earlier, down for the first time
in two months, Ministry of Finance data showed on Thursday,
suggesting a pick-up in global demand and a weaker yen have yet
to fully benefit the country's exports.
    The fall in exports compared with a 1.9 percent decline
expected by economists in a Reuters poll, and followed a revised
6.3 percent year-on-year gain in January, which was the first
increase in eight months. 
    Exports to China fell 15.8 percent in February from a year
earlier, while shipments to the United States rose 5.7 percent.
    Imports rose 11.9 percent in the year to February, against a
15.1 percent rise expected and up for the fourth straight month.
That brought the trade balance to a deficit of 777.5 billion yen
($8.1 billion), compared with a 835.8 billion yen deficit
expected by economists and marking the eighth straight monthly
deficit.
    In January, Japan's trade deficit widened to a record 1.6
trillion yen as energy imports jumped, with the weaker yen
having a more immediate impact on impost costs.
    To view full tables, go to the MOF website:
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