SunStar Philippines on Nostr: Japan’s exports surge 13.5% in May, backed by cheap yen, strong demand in US, Asia ...
Japan’s exports surge 13.5% in May, backed by cheap yen, strong demand in US, Asia
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Japan’s exports surged 13.5% in May, totaling 8.3 trillion yen ($53 billion), with shipments to the United States up nearly 24% and those to the rest of Asia rising more than 13%. The trade deficit totaled 1.22 trillion yen ($7.7 billion), down nearly 12% from a year earlier. Imports grew 9.5% to nearly 9.5 trillion yen ($60 billion). The value of Japan’s imports tends to grow when the Japanese yen loses value against the U.S. dollar and other major currencies. Rising prices overall, due to the weakening yen, contributed to the increase in trade values. Trade with China has been reviving, and the U.S. economy has remained resilient. The weak yen's impact on inflation was debated by the Bank of Japan's decision-makers. The fear for Japan is deflation when prices keep falling.
#Japan #Exports #TradeDeficit #Yen #Demand #Us #Asia
https://www.sunstar.com.ph/network/japans-exports-surge-135-in-may-backed-by-cheap-yen-strong-demand-in-us-asia
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Japan’s exports surged 13.5% in May, totaling 8.3 trillion yen ($53 billion), with shipments to the United States up nearly 24% and those to the rest of Asia rising more than 13%. The trade deficit totaled 1.22 trillion yen ($7.7 billion), down nearly 12% from a year earlier. Imports grew 9.5% to nearly 9.5 trillion yen ($60 billion). The value of Japan’s imports tends to grow when the Japanese yen loses value against the U.S. dollar and other major currencies. Rising prices overall, due to the weakening yen, contributed to the increase in trade values. Trade with China has been reviving, and the U.S. economy has remained resilient. The weak yen's impact on inflation was debated by the Bank of Japan's decision-makers. The fear for Japan is deflation when prices keep falling.
#Japan #Exports #TradeDeficit #Yen #Demand #Us #Asia
https://www.sunstar.com.ph/network/japans-exports-surge-135-in-may-backed-by-cheap-yen-strong-demand-in-us-asia