Japanese exports continue the best YTD performance since the 2008 crisis
Japanese exports increased by double digits for the fourth straight month in October, showed the official data released today.
Bloomberg report says, "the value of exports rose 14 percent from a year earlier (forecast +15.7 percent). In the nine months through September, Japan exported 57 trillion yen worth of goods, the most over that period in any year since 2008."
Also, imports grew 18.9 percent, missing the estimated 20.2 percent. The trade surplus came in at JPY 285.4 billion vs. forecast of JPY 330 billion.
Other key points (source: Bloomberg)
- Exports to China, Japan’s largest trading partner, rose 26 percent from a year earlier.
- Exports to the US rose 7.1 percent, while Shipments to the EU climbed 15.8 percent.