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المشهد العربي
Rise in Japanese exports driven by auto and tech
Japan's exports in May recorded their largest growth since November 2022, driven by strong demand for cars and semiconductors. The increase continued for the ninth consecutive month, despite a 28.5% decline in imports due to tensions in the Middle East. This resulted in a trade deficit of 378.7 billion yen, though it was lower than expected. These results follow the Bank of Japan's decision to raise interest rates to 1% to combat inflation and the weak yen.
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