Japan logs its first trade surplus in five months
Overall exports rose 6.1% year-on-year to 9.71 trillion yen ($62.6 billion), marking the third consecutive month of growth. This increase was supported by shipments of semiconductors and electronics components to Asia, as well as pharmaceutical exports to the US, the Finance Ministry reported.
Imports also grew for the third straight month, rising 1.3% to 9.39 trillion yen ($60.5 billion). This was largely fueled by engines from the European Union and chips from Asia, according to preliminary data shared by the ministry.
Exports to the US climbed 8.8% to 1.82 trillion yen ($11.7 billion), with automotive shipments up 1.5%, representing their first increase since March, before the country implemented an industry tax.
"While the negative impact of the (US) tariffs has not been completely wiped out, November's US-bound auto exports offered a somewhat positive sign," said Takafumi Fujita, an economist at the Meiji Yasuda Research Institute.
Japan’s trade surplus with the US rose 11.3% to 739.8 billion yen ($4.7 billion), marking the first growth in seven months, while imports from the US increased 7.1% to 1.08 trillion yen ($6.9 billion).
The improvements follow a trade agreement between Tokyo and Washington reached in July, which reduced tariffs imposed by US President Donald Trump, with new rates taking effect in September.
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