Nikkei 225 firm as Japanese exports fall for 5th month

<p>The Tokyo Nikkei 225 has held its ground as exports disappoint for the fifth month in a row.</p>

The Nikkei 225 has held its ground this morning (November 21st), despite news Japan's exports fell for the fifth month in a row, as demand in China and the European Union (EU) weakened.

Shipments were lower by 6.5 per cent last month on a year ago, while exports to China dropped by 11.6 per cent, while in the EU trade slumped by 20 per cent.

Japan's economy – which is the third-largest in the world – is heavily reliant on exports and this slowdown could damage its growth prospects.

China's disappointing decrease in orders is down to an ongoing territorial dispute between the two countries over a clutch of islands in the East China Sea which has led to anti-Japanese business sentiment, damaging trade.

At close of play this morning, the Tokyo Nikkei 225 advanced by 0.8 per cent to an index value of 9222.5 points – an increase of 79.8 points.

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