Japan Exports Rise 23.5% in July


Japan's exports rose a more than expected 23.5 percent in July from a year earlier, Ministry of Finance data showed, but economists expect overseas demand to moderate in the coming months and the rising yen to cloud the outlook.

The rise was bigger than the median market forecast for a 21.9 percent gain but marked the fifth consecutive month that annual export growth slowed.

Exports to Asia, which account for more than half of Japan's total exports, rose 23.8 percent from a year earlier, while shipments to the United States increased 25.9 percent from a year ago.

The trade balance came to a surplus of 804.2 billion yen ($9.56 billion), up 119.9 percent from a year earlier.


TradingEconomics.com, Reuters
8/25/2010 1:00:41 PM