Japanese export 48.6 percent y/y increase reported

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Japan exported significantly more in June than a month earlier and also more than expected. This was shown on Wednesday by government figures.

Exports increased by 48.6 percent year-on-year, while economists expected an increase of 46.2 percent. In May, exports already increased by more than 16 percent year-on-year.

Exports to China increased by 27.7 percent, to the US by 85.5 percent and to Europe by 51.1 percent.

Japanese imports also increased significantly in June, by 32.7 percent.

This brought the trade surplus to 383.2 billion yen, which was less than economists expected. They assumed a surplus of 460 billion yen.

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