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Japan exports plunge record amount on weak demand

Japanese exports plunged a record 26.7 percent in November, the Ministry of Finance said Monday, highlighting the drop in global consumer demand for automobiles, electronics parts and other Japanese products.

 

Economists warned that exports - a mainstay of the world's second-largest economy - would tumble further with no recovery in sight for the global economy. Even exports to the rest of Asia are falling sharply. (AP)