Japan Jan exports rise less than expected 1.3% year/year, trade gap widens

Kazuhiro Nogi | AFP | Getty Images

A freighter is anchored at the international container pier at Tokyo port on February 8, 2017.

Japan's exports rose 1.3 percent in January from a year earlier, government data showed on Monday, a slowdown from the previous month due to a decline in U.S. exports and the Chinese New Year holidays.

The rise was less than a 4.7 percent increase expected by economists in a Reuters poll. It followed a 5.4 percent year-on-year rise in December.

Imports rose 8.5 percent, versus the median estimate for a 4.7 percent increase.

The trade balance came to a deficit of 1.09 trillion yen ($9.66 billion), versus the median estimate for a 636.8 billion yen deficit.

($1 = 112.8300 yen)

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