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.