Japan's September exports grow 16.7%
Japan's exports in September grew by 16.7% compared to the previous year, which was below the forecast of 20.1%. This follows a peak reached in July, marking the highest level in nearly four years. The growth was supported by a strong increase in semiconductor exports, which rose by 49.4%, and related machinery exports, up 43.9%. Shipments to China increased by 8.6%, while those to the United States rose by 22.9%. Meanwhile, Japan's imports saw an 18.9% rise, with a significant jump in oil imports by 51.1%. Additionally, shipments from the United States surged by approximately 820%. The data reflects a slowdown in Japan's trade growth, with expectations that the Bank of Japan will maintain its current monetary policy, keeping interest rates steady at 1%.
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