Japan May exports rise at a fastest rate in 4 months

Omkar Godbole FXStreet Contributor

Japanese export growth picked up the pace in May, hitting a four-month high, the official data released on Monday showed.

Exports rose 8.1 percent year-on-year, beating the forecast of 7.5 percent growth. Meanwhile, imports 14 percent year-on-year, bettering the estimate of 8.2 percent rise by a big margin.

Consequently, the trade balance slipped into a deficit of JPY 578.3 billion in May vs expected deficit of JPY 235 billion.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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