Japan exports drop 12.5 pct in April after tsunami
TOKYO (AP) — Japan's exports in April fell 12.5 percent from a year earlier, showing the effects of the earthquake and tsunami on March 11.
The finance ministry said Wednesday exports declined to 5.16 trillion yen ($62.8 billion) last month. Imports in April rose 8.9 percent year-on-year to 5.62 trillion yen.
The earthquake and tsunami left more than 24,000 people dead or missing and destroyed hundreds of factories in the northeast coastal region, forcing manufacturers to suspend production.
A tumble in output caused a drop in exports in March and April.