Japanese exports rose in April

21 May 2018 12:29 PM

Japan's exports rose in April after weak data in March as rising external demand would help the economy to recover quickly after shrinking in the first quarter.

Exports grew by 7.8% in April, below forecasts of 8.1%, after rising by 2.1% in March. In terms of volume after the removal of exchange rate impact, Japanese exports rose by 4.6% in April.

Exports are likely to continue to rise as demand for manufacturing equipment, cars and auto parts increases, but with trade surpluses with the United States, it will be a potential target for Trump's protectionist policies.

Japan's exports to the United States rose by 4.3 percent on yearly basis in April, with a trade surplus of about 615.7 billion yen ($ 5.55 billion). Japan's exports to China, the largest trading partner, rose by 10.9 percent in April.

Japanese imports rose by 5.9% in April against expectations of a rise of 9.6%, after falling by 0.6% in March.

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