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Japan Exports Rose for Eight Consecutive Months In July


August, 10 2017
watermark Economic news

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.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.