Japan’s May exports rise fastest in over 2 years, set to sustain growth
(Adds data on U.S. trade balance, domestic demand) * Exports rise fastest in over 2 yrs, imports jump most in over 3 * May exports +14.9 pct yr/yr vs f’cast +16.1 pct * Imports +17.8 pct yr/yr vs f’cast +14.8 pct * Solid global demand expected to support Japan’s economy By Stanley White TOKYO, June 19 (Reuters) – Japan’s exports surged in May by the fastest in more than two years on higher shipments of cars and steel, an encouraging sign that robust global demand will help keep the country’s modest economic recovery on track. The 14.9 percent annual increase in exports in May was the biggest rise since January 2015 and nearly twice the pace seen in April, though it was below analysts’ expectations of 16.1 percent. Japan’s imports rose more than expected in May, partly due to increasing demand for intermediate goods companies need to manufacture their products.
Source:: https://finance.yahoo.com/news/japans-may-exports-rise-fastest-003155063.html
