With export growth below last years levels as the effect of a weak - TopicsExpress

With export growth below last years levels as the effect of a weak yen wears off, policymakers are becoming less confident of a lasting export upturn that would cushion a dip in domestic spending after Japan raised its sales tax to 8 percent from 5 percent on April 1. Analysts say the Bank of Japan may act if the trade performance falls short - a side effect of many firms moving production facilities offshore to escape years of the yens strength. Exports picked up just a tad from March but they still lack momentum. U.S.-bound shipments were unexpectedly poor, said Takeshi Minami, chief economist at Norinchukin Research Institute in Tokyo.

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