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The Independent UK
The Independent UK
National
Yuri Kageyama

Japan's exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets

Copyright 2022 The Associated Press. All rights reserved.

Japan's exports surged 13.5% in May, faster than expected growth helped by a weak yen and strong demand in the U.S. and Asia.

Finance Ministry data reported Wednesday showed that the trade deficit totaled 1.22 trillion yen ($7.7 billion), down nearly 12% from 1.38 trillion yen a year earlier. Imports grew 9.5%, year-on-year, to nearly 9.5 trillion yen ($60 billion).

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