Japan’s exports recover in June

| July 21, 2011 | 0 Comments

Official figures today revealed Japan’s exports recovered last month as the economy starts to rebound from the devastating earthquake and tsunami, which hit on 11 March.

Exports rose by 5.4% on a monthly basis but were 1.6% lower on an annual basis – but this represented the slowest fall in four months.

Analysts had forecast a fall of 4.1% after exports plunged 10.3% on an annual basis in May.

The figures suggest production has picked up and shipments recover after the twin disasters disrupted supply chains and forced some of Japan’s largest exporters to halt production.

In the meantime, imports rose 9.8% on an annual basis.

As a result, the world’s third largest economy posted a trade surplus last month – the first in three months - of 70.7 billion yen (£556 million).

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