Japan's exports likely posted their largest monthly rise in four decades in May, a Reuters poll showed on Friday, but the flattering milestone was largely reflective of a rebound in shipments from last year's pandemic-driven plunge.
Globally, policymakers are keeping a close watch on the extent of underlying demand recovery as COVID-19 vaccinations have improved economic conditions in some key economies.A marked recovery in Japan's exports and output due to surging global demand has helped its economy offset lacklustre conditions at home, after the government recently extended coronavirus emergency curbs in Tokyo and other major areas.
Exports likely soared 51.3per cent in May compared to the same month a year earlier, the poll of 17 economists showed. "Exports in May... likely posted a larger gain than they did in the previous month," said Kenta Maruyama, an economist at Mitsubishi UFJ Research and Consulting.
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