Japan’s April Exports Climb 8% on-year

Japan’s April exports climbed 8.0 percent from a year earlier, data showed on Monday, topping expectations for a 6.4 percent rise and underscoring a gradual recovery in external demand.

But imports fell more than expected, down 4.2 percent on-year, compared with expectations for a 1.5 percent decline.

The trade balance came to a deficit of 53.4 billion yen ($439.3 million), versus the median estimate for a 318.9 billion yen deficit. In March the trade balance had marked the first surplus since June 2012.

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.