Japan's exports surge 17% in January
ABC News
Japan has reported its exports surged nearly 17% in January from a year earlier, on strong shipments to China and other Asian markets
TOKYO -- Japan's exports surged nearly 17% in January from a year earlier, lifted by seasonal factors and strong demand in China and other Asian markets.
Imports slipped 2.5% from the same month a year earlier to 10.3 trillion yen ($67 billion), while exports climbed 16.8% to 9.19 trillion yen ($59.8 billion), the Finance Ministry reported Wednesday.
That left a deficit of 1.15 trillion yen ($7.5 billion), less than half the trade deficit recorded a year earlier.
Analysts noted that a key reason for the big jump early in the year was because the Lunar New Year occurs later than usual, falling on February 17.
Japan's economy depends heavily on exports and dramatic increases in tariffs by U.S. President Donald Trump have taken a toll.
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