Rising Auto Sales Helps Lift Japanese Exports by 40%

The total value of Japan’s exports for the month of April climbed just over 40 percent to 5.9 trillion yen (US$65 billion). This is the fifth straight month that exports have increased.

Sales to the European Union were up 19.8 percent year-over-year and while this is down from the 26.7 percent increase in March, analysts still feel that exports will remain positive and help get the nation’s economy back on track.

“Exports remain very firm even after very strong growth in January to March,” said Azusa Kato, an economist at BNP Paribas in Tokyo. “The pace of export growth will slow in April to June, but we expect exports to continue to expand.”

Source: BBC News

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