Japan’s exports climb at fastest pace in more than two years

Japan’s exports climb at fastest pace in more than two years

Japan’s exports climbed to the highest level in more than two years in March, amid improvement in global demand, where imports also rose more than predicted.

From a year ago, Japan’s overseas sales advanced 12 percent in March, continuing to rise for a fourth straight month, ending the first quarter in a good shape.

Imports advanced 15.8 percent, the strongest gain in more than three years.

Accordingly, the trade surplus came in at 614.7 billion yen, beating median estimates of 608 billion yen surplus.

Japan’s exports to China soared 16.4 percent.

As of 10:50 GMT, the U.S. dollar resumed its rise for a second straight session against the Japanese yen, as the USDJPY traded at 109.07.


Ahmed Mamdouh

Ahmed Mamdouh, Co-Founder and Head of English Fundamental Analysis at FXComment.com, with 7 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.

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