Japan exports rise but trade gap widens on weak yen

Japan’s exports rose for a ninth consecutive month in November, led by car shipments to the United States and China, a sign the weak yen and a recovery in global demand are energizing a major growth driver in the world’s third-biggest economy. The persistent trade deficit could be a source of concern for Japanese policymakers who had hoped a weakening currency would be more of a boon for the economy by making Japanese goods cheaper overseas. “The data confirmed a continued pickup in Japan’s exports reflecting a gradual recovery in global economy. It was a positive reading although the pace is unlikely to accelerate as global recovery remains tepid,” said Takeshi Minami, chief economist at Norinchukin Research Institute.


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