Japan’s Exports Increase in Support for Second Quarter Growth
- Chip-making machines, non-ferrous metals lead exports gains
- Weaker imports rise behind first trade surplus in three months
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Japan’s exports grew for a seventh consecutive month in June, supporting the view that in the second quarter the economy will recover from its contraction at the start of the year.
Exports gained 5.4% from a year ago, led by chip-making gear and non-ferrous metals, the Finance Ministry reported Thursday. The result missed economists’ consensus estimate of a 7.2% increase.