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Japan exports grow but trade balance surplus shrinks

USDJPY News by Newsroom on 20:46 November 19, 2017 EST

Ministry of Finance (MOF) data out on Monday morning show that exports rose 14.0 percent year-on-year in October, led by shipments of cars to Australia and raw materials for plastics to China.

While Japan's export growth held steady in October imports rose 18.9 percent in the year to October. It was the fastest annual increase in imports in nearly for years mainly due to a weak yen and imports of crude oil, oil related products and coal.

The resulting trade balance in October a surplus of 285.4 billion yen in October below the estimate at 330.0 billion yen. This constitutes the afifth straight surplus month.




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