Business

Japan May exports rise 49.6per cent year/year - MOF

Japan's exports rose 49.6per cent in May from a year earlier, Ministry of Finance data showed on Wednesday.

A laborer works in a container area at a port in Tokyo
FILE PHOTO: A laborer works in a container area at a port in Tokyo, Japan July 19, 2017. REUTERS/Toru Hanai

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TOKYO: Japan's exports rose 49.6per cent in May from a year earlier, Ministry of Finance data showed on Wednesday.

The rise compares with a 51.3per cent increase expected by economists in a Reuters poll. It followed a 38per cent rise in April.

Imports jumped 27.9per cent in the year to May versus the median estimate for a 26.6per cent gain.

The trade balance came to a deficit of 187.1 billion yen (US$1.70 billion), versus the median estimate for a 91.2 billion yen shortfall.

To view full tables, go to the MOF website at:

http://www.customs.go.jp/toukei/info/index_e.htm

(US$1 = 110.0900 yen)

(Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim)

Source: Reuters