Indicators
Japan’s Exports Rise as Weak Yen Helps Ahead of BOJ Meet
- Chip-making machinery drive rise but trade balance is negative
- Negative balance points to net trade still weighing on economy
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Japan’s exports posted another gain in November as the yen’s weakness helped exporters, although the underlying trend in trade remained lackluster ahead of this week’s Bank of Japan meeting.
Exports measured in value rose 3.8% from a year ago led by chip-making machinery and non-ferrous metals while cars dragged on shipments, the Ministry of Finance reported Wednesday. That beat the consensus estimate of a 2.5% increase. Imports fell 3.8% led by crude oil, but still left a negative trade balance of ¥117.6 billion.