U.S. media: Data from Japan's Ministry of Finance shows that exports in April increased by 14.8% year-on-year, marking the fastest growth since January this year, far exceeding the expected 9.3%. The rise was primarily driven by semiconductor exports, which surged 41.6% year-on-year.
Exports to China (Japan's largest trading partner) grew by 15.5%, while exports to the United States rose by 9.5%. On the import side, imports increased by 9.7% year-on-year, higher than the anticipated 8.3%. The trade surplus narrowed to 30.19 billion yen, down from 64.3 billion yen in March.
The weak yen has a dual effect: on one hand, it boosts exports; on the other hand, it drives up import-driven inflation and erodes residents' purchasing power.
Original source: toutiao.com/article/1865764000227401/
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