Japan’s Exports Rebound in Tailwind for Abe’s Policies
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Japan’s exports rose more than forecast in July, bouncing back from two straight declines to support an economy that contracted last quarter by the most since a record earthquake in 2011.
Overseas shipments rose 3.9 percent from a year earlier, the finance ministry said in Tokyo today. That’s higher than the median estimate for a 3.8 percent gain in a Bloomberg News survey of 28 economists. Imports rose 2.3 percent, leaving a deficit of 964 billion yen ($9.36 billion).