Japan trade surplus leaps on strong exports to rest of Asia

FAN Editor

Japan reports its trade surplus leaped nearly 38 percent in September from a year earlier, on strong shipments to China and the U.S.

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Customs data released Thursday showed exports rose 14 percent year-on-year to 6.8 trillion yen ($60.3 billion) while imports climbed 12 percent to 6.1 trillion yen ($54.3 billion).

Exports to China surged 29 percent in value, while exports to the U.S. were up 11 percent.

The 670.2 billion yen ($5.9 billion) overall surplus compared with a 486.6 billion yen surplus in September 2016.

The recovery in overseas demand has been a key factor supporting growth in the world’s third largest economy.

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