Japan's exports pick up on improved autos output, imports hit record

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TOKYO :Japan's exports sped up in November, as supply constraints eased slightly for the country's big automakers, although imports hit a record on soaring materials costs, which could hurt household consumption.The trade data came days after the Bank of Japan's quarterly tankan survey showed an improvement i

TOKYO :Japan's exports sped up in November, as supply constraints eased slightly for the country's big automakers, although imports hit a record on soaring materials costs, which could hurt household consumption.

Shipments of cars - Japan's No.1 export item - rose 4.1per cent from a year earlier, marking the first increase in three months, although auto exports to the United States and China decreased year-on-year. Other than cars, growing shipments of steel, semiconductor equipment and chips contributed the most to the increase, a government official said.

Imports growth accelerated from 26.7per cent in October and was bigger than economists' forecast of 40.0per cent.

 

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