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Japan's export growth slowed significantly in August, increasing by +5.6% year-over-year, down from +10.2% in July and below the consensus forecast of +10.6%. This marks the ninth consecutive month of growth but underscores the uneven state of the country's economic recovery. Exports to the United States dropped for the first time in three years, contributing to the slowdown. Additionally, machinery orders unexpectedly shrank by 0.1% month-over-month in July, further highlighting the challenges faced by Japan's economy.