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Japan’s exports surged 13.5 percent in May, faster than expected growth helped by a weak yen and strong demand in the U.S. and Asia.
Finance Ministry data reported Wednesday showed that the trade deficit totaled 1.22 trillion yen ($7.7 billion), down nearly 12 percent from 1.38 trillion yen a year earlier. Imports grew 9.5 percent, year-on-year, to nearly 9.5 trillion yen ($60 billion).
Exports totaled 8.3 trillion yen ($53 billion) and grew at the fastest since November 2022. Shipments to the United States were up nearly 24 percent and those to the rest of Asia rose more than 13 percent, led by double-digit growth in shipments of vehicles, electronics, and machinery.
Trade with Europe mostly fell.
