Reported 3 months ago
Japan's exports continued to increase for the seventh consecutive month in June, supporting the country's economic recovery in the second quarter. The growth in exports, led by chip-making gear and non-ferrous metals, contributed to a trade surplus of ¥224 billion. However, economists express caution due to the disparity in internal and external demand strength, with weak imports suggesting sluggish domestic consumption. The weak yen boosted export shipments but raised concerns about inflation. The Bank of Japan is evaluating economic conditions ahead of its monetary policy decision at the end of the month.
Source: YAHOO