Japanese Exports Rise; Trade Surplus Up

Japan's shipments abroad rose 27.7% to 5.87 trillion yen in June, the seventh consecutive monthly rise, beating economists expectations of a 23.5% increase, reports Bloomberg, citing the Finance Ministry.

 

The steady recovery in exports has led to a rise in Japan's trade surplus, which increased 41.1% from a year earlier.

 

Bloomberg notes that the yen also climbed to a seven-month high against the dollar this month. Officials worry that the appreciation of the currency could stall economic recovery and erode the value of earnings of exporters.

 

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