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Less-than-expected fall in Japan’s exports

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Japan’s exports fell less than expected in June. This may show that overseas demand could be recovering from persistent weakness which began last year.

Slowing decline in exports could ease concerns for Japan’s policymakers, who are trying to revive growth via stimulus spending on infrastructure.

“Exports are showing signs that they have stopped deteriorating,” said senior economist Norio Miyagawa at Mizuho Securities. “The US economy is a bright spot and should help Japan’s exports recover. ”