Japan’s total trade fell for a 16th straight month in November, with exports down 0.4% and imports dropping by 9% – though at least this was a slower decline than economists expected. Imports have contracted quicker than than exports every month as far back as July 2014 due to a weaker yen making overseas components more expensive for Japanese manufacturers. Exports to the U.S. were particularly weak, falling 14% in volume terms as a result of a 53% drop in auto exports, Panjiva data shows. The outlook won’t be much stronger. The recent Tankan survey shows a net 12% of managers expect ex...