Japan's exports in May experienced a significant surge, rising by 13.5% year-on-year, surpassing expectations and the previous figure. This growth was led by cars and chips, with exports to the US increasing by 23.9%. The weak yen played a significant role in boosting the value of exports, marking the fastest growth since late 2022 and resulting in a $7.7 billion trade deficit for Japan in May.
Japan's exports last month grew at the fastest rate since November 2022, thanks to the weak yen. https://t.co/CKccWNHOrh
Japan logged a trade deficit of 1.22 trillion yen (about 7.7 billion U.S. dollars) in May https://t.co/Huacf2Jj32 https://t.co/M7IfChTKhh
Japan Logs Trade Deficit in May https://t.co/TDiU4YSXcG
Japan's exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets https://t.co/iPMHjXI2qS
Japan's exports surge 13.5% in May: Japan's exports surged 13.5% in May, faster than expected growth helped by a weak yen and strong demand in the U.S. and Asia. Finance Ministry data reported Wednesday… https://t.co/lY3v1Qk7ww #japannews #japantoday
🇯🇵 #Japan’s Exports Grow Most Since 2022 on Boost from Weak #Yen - Bloomberg https://t.co/nIMCzaySRy https://t.co/SUnCUexRfu
Japan’s exports grew at the fastest clip since late 2022 as the weak yen boosted their value, a positive development for the nation’s manufacturing sector. https://t.co/zRw7lLEqFX
JAPAN LOGS 1.22 TRILLION YEN TRADE DEFICIT, EXPORTS HIT RECORD IN MAY
The power of a weaker currency but also solid demand: Japan exports rose 13.5% y/y in May following 8.3% increase in April, above consensus 12.7% and representing largest gain since Nov-2022. US-bound exports rose 23.9% and China shipments climbed 17.8%.
Japanese exports to the US saw a significant increase of 23.9% in May compared to the previous year.
Japan's May exports rose 13.5% from a year earlier, led by cars and chips https://t.co/yjtoezkqO0
Japan’s exports grew at the fastest clip since late 2022 as the weak yen boosted their value, a positive development for the nation’s manufacturing sector https://t.co/B9NMqRGmk5
Japan logs $7.7 billion trade deficit in May https://t.co/u2Bzg5ok8T
Japan's exports experienced a significant surge, exceeding expectations and the previous figure. Data shows a 13.5% year-on-year increase, surpassing the forecasted 12.7% and the previous figure of 8.3%.