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Japan's exports rise for tenth month
Japan's exports increased for the tenth consecutive month in June, rising by 19.3% year-on-year, supported by a weak yen and growing demand for AI-related data centers, despite supply disruptions caused by the US-Israeli conflict with Iran. Imports also surged by 25.4%, leading to a trade deficit of 406.9 billion yen ($2.49 billion), driven by rising oil prices and deteriorating yen value. This growth is attributed to strong demand from American and Chinese markets, while Japanese policymakers face challenges in balancing efforts to support economic growth with price stability, as the Bank of Japan prepares to maintain interest rates amidst inflationary pressures.
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