TOKYO: Japan’s exports rose 48.6per cent in June from a year earlier, Ministry of Finance data showed on Wednesday.

The rise compared with a 46.2per cent increase expected by economists in a Reuters poll. It followed a 49.6per cent growth in May, the sharpest monthly increase since April 1980.

Imports rose 32.7per cent in the year to June, versus the median estimate for a 29.0per cent increase.

The trade balance came to a surplus of 383.2 billion yen (US$3.49 billion), versus the median estimate for a 460.0 billion yen surplus.

(Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim)

Source: Reuters
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