Financial Crisis Crushes Japanese Exports

'ABC news Australia' reports:

Japan has experienced a record plunge in exports as analysts warn that the world's second largest economy may have contracted by more than 10 per cent.

Japan also recorded its third straight trade deficit as exports plummeted a record 35 per cent last month as consumers around the world tightened their belts.

Shipments of Japanese cars, television sets, and DVDs dropped off sharply.

The story is too old to be commented.