Reported 8 months ago
Japanese exports in May saw a significant increase, driven by shipments of cars to the U.S. and chip-making machinery to China, benefiting from the weak yen. Despite a 13.5% rise in exports, there was a struggle in export volumes due to slowing global demand, potentially impacting the offsetting effect on tepid domestic consumption. Exports to China surged by 17.8%, while those to the U.S. grew by 23.9% on the exports of cars. The trade balance remained in deficit, but future interest rate hikes are uncertain given the fragile economy and recent BoJ decisions. These results underscore the uneven nature of Japan's economic recovery.
Source: YAHOO