Japan logged a ¥721.4 billion ($6.4 billion) trade surplus in June, rebounding from a deficit the previous month, official data showed Thursday. Finance mi
Japan logged a ¥721.4 billion ($6.4 billion) trade surplus in June, rebounding from a deficit the previous month, official data showed Thursday.
Finance ministry data showed the surplus jumped 66.5 percent from the previous year as exports rose despite international trade tensions.
The jump was driven by growing exports of power generating equipment including turbines for power plants and airplanes, as well as electronic parts and auto parts.
The figures come amid worries over U. S. President Donald Trump’s protectionist trade policies and just days after Japan and the European Union signed a sweeping free trade deal in a “clear message” against protectionism.
Exports rose 6.7 percent while imports edged up 2.5 percent, according to the data.
Japan also logged a surplus in its politically sensitive trade balance with the United States, which grew 0.5 percent from a year earlier after logging a deficit in May.
