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Japan’s Trade Recovery Powers Ahead With Strong September Growth

  • Exports grow by double digits for third straight month
  • Shipments to China surge from same month a year earlier
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Japan's Sept. Exports Rise 14.1% Year-Over-Year

Updated on

Japanese exports grew by double digits for a third straight month in September, as a trade recovery underway this year showed no signs of letting up.

Recovering global demand has driven growth in Japan’s exports, supporting the nation’s domestic economy. But Japan’s trade surplus with the U.S. continues to irritate the Trump administration. In a report on foreign-exchange policies released on Oct. 17, the U.S. Treasury kept Japan on its monitoring list due in part to its goods surplus with the U.S., which Treasury said was $69 billion over the four quarters through June. At the U.S.-Japan bilateral economic talks earlier this week, U.S. Vice President Mike Pence showed great interest in a trade deal with Japan, but currency was not discussed, according to a Japanese official.