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Japan trade surplus improves

Japan’s balance of trade improved significantly in June on an annualised basis, although both imports and exports remain sharply down.

Provisional figures from Japan’s ministry of finance show the country saw its trade surplus rise to ¥508 billion (£3.25 billion), up from ¥300 billion last month. Another positive sign was that the month saw an increase in exports and imports after a softening in both last month.

Despite the glimmers of hope, exports remain 35.7% lower than in June 2008 with imports down 41.9% from 12 months ago.


Related Articles:
Japanese bonds outperform treasuries
Japanese trade flows nosedive in first quarter


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