Japan exports and imports grow at fastest pace in June since November 2022, beating estimates
Exports climbed 19.3%, while imports spiked 25.4% compared to June last year.
AI Summary
Japan's exports grew 19.3% in June from a year earlier, the fastest pace since November 2022, driven by semiconductor shipments and a weak yen, while imports surged 25.4% due to higher petroleum imports. Exports to Asia rose 22.7%, with notable gains to Taiwan and China, and semiconductor shipments jumped 53.8%. The trade data beat economist estimates, and the Nikkei 225 rose 1.56% following the release.