Japan’s exports rose 38.0% yoy to JPY 7181B in April. That’s the fastest growth in more than a decade since 2010, as led by US bound shipments of cars and parts. Also, Chinese demand for chip-making equipment was also a boost. Exports to China jumped 33.9% yoy while exports to the US rose 45.1% yoy. Imports rose 12.8% yoy to 6925B. Trade surplus came in at JPY 255B.
In seasonally adjusted terms, exports rose 2.5% mom to JPY 6856B. Imports rose 7.5% mom to JPY 6791B. Trade surplus narrowed to JPY 65B.
Also from Japan, machine orders rose 3.7% mom in March, below expectations of 6.4% mom.
