Japanese export exceeded forecasts, reaffirming economic recovery

Source: Bloomberg
© scanpix/FP
Japanese export rose more than expected in the preceding month, eliminating the effect of the previous year's recession. The total amount of overseas shipments advanced 2.4%, compared to the median estimate of a 0.3% increase. Imports dropped 3.6%, but there is still a 424.6 billion yen trade deficit.
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