Japan exports rise 8.1% in May, suggesting pick-up in global demand

The rise in Japan's exports was more than the 7.5 per cent increase expected by economists in a Reuters poll.
The rise in Japan's exports was more than the 7.5 per cent increase expected by economists in a Reuters poll.PHOTO: AFP

TOKYO (REUTERS) - Japan's exports rose 8.1 per cent in May from a year earlier, Ministry of Finance data showed on Monday (June 18), suggesting a pick-up in global demand.

The rise was more than the 7.5 per cent increase expected by economists in a Reuters poll. It followed a 7.8 per cent year-on-year rise in April.

Imports rose 14.0 per cent in the year to May, versus the median estimate for an 8.2 per cent increase.

The trade balance came to a deficit of 578.3 billion yen (S$7.08 billion), versus the median estimate for a 235.0 billion yen deficit.