Paper Shipments in Japan Rise for First Time in 11 Months
Shipments of paper products increased in Japan for the first time in eleven months last month as the weaker yen made imported products more expensive, enabling domestic paper producers to regain sales.
Domestic shipments of paper and paperboard, which includes everything from newsprint and packaging to cardboard, increased 3.3 percent in April to 2.18 million metric tons, the Japan Paper Association said today in a statement. Japanese exports surged 43 percent to 83,000 tons last month, whereas imports dropped 33 percent to 141,000 tons in March from a year earlier.
Japan’s currency has fallen 19 percent since Prime Minister Shinzo Abe’s election victory on Dec. 16, making domestic-made goods including paper, vehicles and steel, more competitive than those from abroad.
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