Professor Ulrike Schaede Quoted in The New York Times
"Japan’s Small Exporters Are Hit Hardest"
Mar 26, 2009
By HIROKO TABUCHI, The New York Times
SAITAMA, Japan —The finance ministry announced Wednesday that exports from Japan, the world’s second-largest economy, fell by a record 49 percent in February compared with a year earlier. It was the fifth consecutive month that exports have fallen. Shipments to the United States fell 58 percent. Japan’s trade surplus was down 91 percent, to 82.4 billion yen, or about $840 million.
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Photo by Ayumi Nakanishi for The New York Times
