Japan's September exports rise more than expected

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TOKYO: Japan\u0027s exports grew faster than expected in September to post a seventh straight month of double-digit growth, an encouraging sign for the economy as COVID-19 pandemic-led global supply chain snags threaten to derail a fragile recovery. The data will be among factors the Bank of Japan will scrutini

TOKYO: Japan's exports grew faster than expected in September to post a seventh straight month of double-digit growth, an encouraging sign for the economy as COVID-19 pandemic-led global supply chain snags threaten to derail a fragile recovery.

Exports rose 13.0 per cent in September from a year earlier, the Ministry of Finance's trade data showed on Wednesday , compared with a median market forecast for an 11.0 per cent rise. It followed a 26.2 per cent increase in the previous month.The data offers policymakers some relief over the outlook for Japan's economy, which emerged from last year's pandemic-induced doldrums thanks to robust global demand.

 

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