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Weak yen boosts Japan’s exports

in International Business

Weak yen boosts Japan’s exports

JapanThe weakened yen against the US dollar and a revival in demand from European markets have boosted Japanese exports.

According to reports, exports rose 7.4% from a year earlier. Sales to the European Union (EU) rose by 8.6%-the first jump in 21 months.

Japan’s four consecutive months of exports grow is a “positive sign”, said Martin Schulz of Fujitsu Research Institute.

Meanwhile, imports rose 11.8% from a year ago, resulting in a trade deficit of USD 1.8bn.


Tags assigned to this article:
japan economyJapanese exportsJapanese yen

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