Information released today, Wednesday, revealed that Japanese exports recorded their first rise in five months last September, despite the continued decline in shipments to the United States of America, even after the start of reducing US customs duties on Japanese products this month.
This increase in exports joins a set of recent data, including the “Tankan” business survey conducted by the “Bank of Japan”, which supports the growing view within the central bank that the economy is overcoming the impact of previous increases in customs duties.
The data showed that total exports in value rose by 4.2% on an annual basis in September, which is less than the market average expectation that was expecting an increase of 4.6%, after a decrease of 0.1% in August.
source: 961 today
