TOKYO - Japan's exports tumbled at their quickest pace in three years in October, threatening to tip the trade-reliant economy into recession as weakening demand from United States and China darkened the outlook.
In volume terms, exports slumped 4.4 per cent in the year to October, the third consecutive month of declines. The government has said it plans to compile a stimulus package as soon as possible as a pre-emptive measure against heightening overseas risks. Japan's exports to the United States dropped 11.4 per cent in the year to October, hurt by reduced shipments of 2,000 to 3,000 cc cars, aircraft engines and car parts.
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