Japan's exports increased 5.4% YoY to 9.208 trillion yen in June, leading to a trade surplus of 224 billion yen.
Japan reported its seventh consecutive monthly export increase in June, rising 5.4% YoY to 9.208 trillion yen. This led to a trade surplus of 224 billion yen ($1.44 billion), defying expectations of a deficit. Imports increased 3.2% YoY, but fell short of projected 9.3% gain. The Japanese economy relies on strong exports to recover from the first-quarter contraction, as consumer spending remains fragile due to persistent inflation.
July 18, 2024
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