Japan’s exports rise first time in 15 months in Dec
The data from Ministry of Finance showed that the country’s exports were up by 5.4% in December on a yearly basis and beat the economists’ forecasts which called for an increase of 1.2%. The volume of shipments also increased 8.4% year-on-year, which indicated a rise in external demand, the data showed.
According to the data, Japan’s exports to China, its largest trading partner, increased by 12.5% in December and hit a record of 1.3 trillion yen. Exports to its second largest trading partner, the USA, were also up by 1.3% on a yearly basis, the first time in 10 months.
The country’s imports, however, were down by 2.6% in December year-on-year, more than the estimates of a decrease of 0.8%, the data showed. This created a trade surplus, for the fourth month in a row, of 641.4 billion yen.
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