TOKYO -- Japan's exports to the United States in October fell 5.8 percent to 132,460 compared with October 2003, the first decline in six months.
The Japan Automobile Manufacturers Association attributes the drop partly to the strength of the yen against the dollar. The stronger Japanese currency reduces the competitiveness of vehicles built in Japan and sold in the United States. A weaker dollar also diminishes the value of profits earned outside Japan when they are converted into yen.
In October, Toyota Motor Corp. cut its shipments bound to North America by 1.0 percent from a year earlier, boosting U.S. production of models such as the Camry.
Nissan Motor Co.'s exports to North America slid 19.4 percent, reduced by smaller shipments of the Infiniti G35. Mitsubishi Motors Corp.'s shipments to North America plummeted 65.8 percent. Mitsubishi's exports to North America have fallen for 10 straight months.
Japan's exports to Europe jumped 11.3 percent to 106,689. Four of Japan's Big 5 automakers posted gains.
Overall, Japanese exports in October rose 3.9 percent to 430,719, the eighth straight monthly gain.
Japan's production in October dropped 3.7 percent.
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