Japan shows 37% July y/y export growth, it’s less than expected

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Japan also performed significantly more in July than a month earlier, but less than expected. This was shown by government figures on Thursday.

Exports increased by 37.0 percent year-on-year, while economists expected an increase of 45.0 percent.

Exports to China increased by 18.9 percent, to the US by 26.8 percent and to Europe by 46.1 percent.

Japanese imports also increased significantly in July, by 28.5 percent.

This brought the trade surplus to 441 billion yen, which was more than economists expected. They assumed a surplus of 250 billion yen.

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