TOKYO (AP) — Japan reports it saw strong growth in both exports and imports in July reflecting a recovery in demand in China, Southeast Asia and the U.S. The data released Thursday showed exports rose more than 13 percent from a year earlier to 6.5 trillion yen ($59 billion) while imports jumped 16 percent to 6.1 trillion yen ($55 billion), helped by a surge in oil and coal shipments. The trade surplus slipped 17 percent from a year earlier to 419 billion yen ($3.8 billion). Japan's exports to the U.S., mainly of cars, car parts and machinery, jumped 11.5 percent to 1.3 trillion yen ($12 billion).

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BING NEWS:
  • Japan records a trade deficit for the third straight fiscal year despite recovering exports
    Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak. The deficit was 5.89 trillion yen ($38 ...
    04/16/2024 - 4:06 pm | View Link
  • The Market News Today: Bank of Japan Ends Negative Rates Era
    U.S. home builders' confidence grows, fueled by high new construction demand. Bank of Japan Ends ... reaching its highest level since July, as reported by the National Association of Home Builders ...
    03/18/2024 - 11:00 pm | View Link
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