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Japan’s exports seen rising for an 11th straight month in October – Reuters Poll

Results of the latest Reuters poll showed that a majority of the economists polled believe that the Japanese exports will rise in October, showing an 11th straight monthly rise, as the world’s third-largest economy continues its moderate recovery mode.

The Japanese finance ministry will announce the trade data at 8:50 a.m. Tokyo time on Monday (2350GMT Sunday).

Key Findings:

“Exports are forecast to have grown 15.8 percent in October from a year ago, the poll of 20 economists showed, as overseas demand for cars and semiconductor manufacturing equipment grew.

Imports likely rose 20.2 percent in October from a year ago, the fastest pace of growth since January 2014, as higher oil prices inflate import costs, the poll found.

The trade balance likely stood at 330.0 billion yen ($2.93 billion) in October, narrowing from a revised 667.7 billion yen in September.”

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