(1888PressRelease)
October 26, 2007 - Japan's trade surplus grew in September, with exports to China and Europe increasing and imports down for the first time in/for over three years.
The surplus was up 62.7 per cent to $14.2 billion from a year earlier, according to a statement from its Finance Ministry.
Exports grew by 6.5 per cent, less than the 8.1 per cent that had been predicted by financial analysts.
Meanwhile, imports dipped by 3.2 per cent, the first drop noted since February 2004.
Export growth was fuelled by higher shipments of cars and telecommications equipment to emerging Asian markets, although this was tempered by a fall in demand of construction equipment from the US due to the ongoing crisis in the sub-prime mortgage market.
News of the Japanese government's report follows International Monetary Fund projections that its economy will expand 1.7 per cent next year - down from the figure of two per cent it had previously predicted.
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