Japan import and export growth beat expectations, as Asia's trade revival continues. Photo: AFP
Japan import and export growth beat expectations, as Asia's trade revival continues. Photo: AFP
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Japan exports up again, imports hit 3-year high

Exports to Asia rose 16.3% year on year for March, helping drive 12% overall growth

April 20, 2017 8:34 PM (UTC+8)

Japanese exports expanded 12% year on year in March, easily beating the median estimate of 6.7%. The increase was boosted by healthy growth of shipments to China and Asia (16.4% and 16.3%), and an improvement in exports to the US, which grew 3.4% following a 0.4% rise in February.

Inbound shipments were up almost 16%, after expanding 1.2% in February, the sharpest increase since 2014.

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