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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: CalculatedRisk	2/22/2005 10:30:27 PM
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Japan trade surplus down 59.9% TOKYO, Feb 23 (Reuters) - Japan’s trade surplus shrank for the first time in two months in January, highlighting slowing demand for Japanese high-tech products that has helped to push the economy into its fourth recession in a decade. Exports to the United States fell for the first time in eight months, by 1.6 per cent, but those to China rose 13.4 per cent after 8.7 per cent growth the previous month. The overall trade surplus fell 59.9 per cent from a year earlier to Y200.8bn ($1.93bn), far worse than forecasts that had centred on a rise of 1.5 per cent. The surplus also dropped from the previous month, shrinking 9.6 per cent on a seasonally adjusted basis. <MORE IN ARTICLE> news.ft.com

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