Japan's exports rose 13.5% in May due to a weak yen, with a trade deficit of ¥1.22 trillion ($7.7 billion).
Japan's exports rose 13.5% in May, the fastest growth since November 2022, driven by a weak yen boosting export value. Exports outpaced economists' estimates, but a trade deficit of ¥1.22 trillion ($7.7 billion) widened from ¥466 billion in April. The weak yen has helped exporters, but also raised concerns of cost-push inflation and a potential impact on private consumption.
June 19, 2024
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