S.Korea warns of weak April exports as yen stays down

Newswire

SEOUL, April 28 (Reuters) - South Korea warned on Sunday its exports this month would barely grow as the yen's slide directly hurts sales to Japan and damaged the price competitiveness of its exporters competing with the Japanese in other markets. The Ministry of Strategy and Finance said the country's overall exports were influenced more by the strength of the global demand than the yen's value, but added weakness in the Japanese currency was negative to South Korea's ...

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