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Japan’s exports fell in May at the fastest pace since the global financial crisis as U.

S.-bound car shipments plunged, bolstering expectations for a deeper contraction in the world’s third-largest economy this quarter.

Weak global appetite for cars and slowing business spending could drag on Japan’s export-led economy, as China-bound trade remains weak, dashing hopes mainland demand could offset the weakness seen in other major trading partners.

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US Demand For Japanese Cars Faltering With No Recovery In Sight

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