Japan's exports rise 23% amid semiconductors and weak yen

Japan's exports increased by 23.2% year-on-year to a record high of 11.5 trillion yen, supported by strong demand for semiconductor products and a decline in the yen's value, which enhanced the competitiveness of Japanese goods. Imports also reached their highest level in July, rising by 27.8% to 12.1 trillion yen, with crude oil imports increasing by 5.5% and their value soaring by 87.8%. It is expected that inflation and high interest rates will continue to support the policies of the Japanese Central Bank, along with ongoing global demand for Japanese exports.

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