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Japan exports in June jump 19.3% year/year
Semiconductor equipment shipments and a weaker yen helped lift exports, while trade with the United States posted a 3.15 trillion yen surplus, officials said.
- On Wednesday, the Ministry of Finance reported Japan recorded a trade deficit of 406.9 billion yen in June as record imports reached 11.3 trillion yen, driven by soaring crude oil costs.
- A weak yen and robust demand for AI-related data centres powered the fastest export growth since November 2022, yet surging oil prices simultaneously inflated import costs and inflation pressures.
- Exports grew 19.3% year-on-year while imports surged 25.4%, according to ministry data; shipments to China increased 17.6%, and Japan registered a 3.15 trillion yen surplus with the United States.
- The Bank of Japan is widely expected to leave interest rates unchanged at next week's policy meeting, though it will likely maintain a tightening bias to counter mounting inflation risks.
- Geopolitical instability, including shipping disruptions in the Strait of Hormuz, complicates trade logistics; Takeshi Minami, chief economist at Norinchukin Research Institute, warned that prolonged instability could weigh on global economic activity.
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Associated Press News+2 Reposted by 2 other sources
Japan's exports and imports grow as yen weakens
Japan has recorded a trade deficit in June, according to government data, as the higher price of oil imports has helped cause the second straight month of red ink.
·New York, United States
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Japan’s exports jump 19.3% in June, extend growth streak to 10 months despite Iran war disruptions
Japan’s exports rose 19.3% year-on-year in June, extending their growth streak to 10 months, while surging imports widened the trade deficit amid higher energy costs and disruptions linked to the Iran conflict
·Mumbai, India
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Coverage Details
Total News Sources18
Leaning Left3Leaning Right5Center5Last UpdatedBias Distribution39% Center, 38% Right
Bias Distribution
- 39% of the sources are Center, 38% of the sources lean Right
39% Center
L 23%
C 39%
R 38%
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