Japan Exports Rose for Eight Consecutive Months In July

For eight consecutive months, the exports from Japan rose according to the survey from Reuters for the month of July. It implies a strong offshore demand that could offset moderate economic recovery.

Exports are anticipated to rise by 13.6 percent since last year in July while an increase of 9.7 percent in June. As for the imports, it will most likely soar by 17.0 percent compared last year for seven successive straight months.

Automobile and electronic parts influenced the export growth while liquified natural gas, oil, and coal also contributed to the improvement of imports mentioned by analysts. A trade surplus worth 392.0 billion yen or $3.56 billion was anticipated in July as shown in the polls.