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Monday, August 19, 2013

Japanese trade surges on weak yen.

Japan's exports climbed 2.2% in July, the fastest since December 2010, while imports jumped 19.6% and the trade deficit hit ¥1.02T, the third-largest ever. The weak yen was a major factor, helping to make sales abroad cheaper but imports more expensive. "The (export) details are encouraging because you can see that exports to Japan's main markets are bouncing back," Sales to the U.S. increased 18.4%, to China 9.5% and to the EU 16.6%.

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