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Japan exports in September rebound after four straight months of declines, but miss estimates

Exports to Asia rose 9.2% in September, offsetting a 13.3% drop in U.S. shipments amid tariffs, with overall growth falling short of economist forecasts.

  • On Wednesday, Japanese government data showed exports climbed 4.2% year on year in September, snapping four months of declines but missing a Reuters poll median forecast of 4.6%.
  • After a July trade deal, Tokyo and Washington set reciprocal tariffs at 15%, down from 25%, amid higher U.S. President Donald Trump tariffs, and exports to the United States fell 3.3% in September.
  • Official figures show Japan logged a September trade deficit of 234.6 billion yen as exports reached 9.41 trillion yen and imports rose to 9.65 trillion yen.
  • Promising looser monetary and bigger fiscal measures, Sanae Takaichi, Prime Minister, pledged policies that markets say would weaken the yen and benefit exporters by boosting overseas earnings.
  • Amid pressure on auto exports, automakers like Toyota Motor Corp. remain central as shipments to the U.S. plunged 24.2%, while Japan's $550 billion investment pledge precedes Trump's visit later this month.
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Japan's exports and imports grow in September despite Trump's tariffs

Japan’s exports grew 4.2% in September, according to government data, on robust shipments to Asia that offset the decline to those destined for the U.S., which were impacted by President Donald Trump’s tariffs.

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Market Screener broke the news in on Tuesday, October 21, 2025.
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