Japan June exports rise 1.5% year-on-year | Inquirer Business

Japan June exports rise 1.5% year-on-year

/ 08:19 AM July 20, 2023

TOKYO  – Japan’s exports in June rose 1.5 percent from a year earlier, Ministry of Finance (MOF) data showed on Thursday.

The rise was less than a 2.2- percent gain expected by 15 economists in a Reuters poll. It followed a 0.6- percent rise in May.

Imports fell 12.9 percent year-on-year in June, versus the median estimate for an 11.3- percent decrease.

Article continues after this advertisement

The trade balance came to a surplus of 43 billion yen ($307.96 million), versus the median estimate for a 46.7 billion yen deficit. It was the first time in 23 months the trade balance has recorded a surplus.

($1 = 139.6300 yen)

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Exports, imports, Japan, Trade surplus

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.