Japan's exports have experienced significant growth, reaching the highest level since late 2022, attributed to the weak yen which has increased their value. This positive trend is beneficial for the nation's manufacturing sector, with exports showing continuous growth for the sixth consecutive month, driven by the automobile and semiconductor industries. Despite the strong export performance, Japan recorded a trade deficit of $7.7 billion in May.
Japan logs $7.7 billion trade deficit, exports hit record in May https://t.co/tWkQTYNeCb
Japan's exports grew in value terms for the sixth month in a row in May, due primarily to automobiles and semiconductors. https://t.co/C1xGxnoJEi
🇯🇵 #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’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