Posted 3/21/2024, 1:09:00 AM
Japan Exports Jump Nearly 8%, Trade Deficit Narrows as Auto and Machinery Shipments Rise
- Japan's exports rose 7.8% in February over last year to $55B, led by strong auto and machinery shipments
- Trade deficit shrank over 50% on-year to $2.5B in February
- Exports rose to China 2.5%, Asia 2.3%, US 18%, and EU nearly 16%
- Imports edged up 0.5% to $60B, as commodity prices fell
- News comes after Bank of Japan raised rates for first time in 17 years while still keeping lending easy
