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Japan’s Exports Grow Most Since 2022 on Boost from Weak Yen
Japan’s exports grew at the fastest clip since late 2022 as the weak yen boosted their value, a positive development for the nation’s manufacturing sector. Exports increased 13.5% from a year ago in May, marking a sixth month of gains, the Finance Ministry reported Wednesday. The gain outpaced economists’ consensus estimate of a 12.7% increase, and it was the largest since November of 2022. Imports advanced 9.5%, in line with estimates. The trade deficit came to ¥1.22 trillion ($7.7 billion), widening from ¥466 billion in April. Growth in exports came amid mixed signals from key overseas markets. Data Tuesday ... (full story)
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- Posted: Jun 18, 2024 8:58pm
- Submitted by:Category: Fundamental AnalysisComments: 3 / Views: 3,005
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