Japan June exports rise 27.7 pct year/year – MOF

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TOKYO, July 26 (BestGrowthStock) – Japan’s exports rose a more than
expected 27.7 percent in June from a year earlier as solid demand
from Asia continued to support the economy, Ministry of Finance
data showed on Monday. [JPEXPY=ECI]

It was the seventh straight month of increase and was bigger
than a median market forecast for a 23.5 percent gain.

Imports were up 26.1 percent from a year earlier against a
22.2 percent gain expected. [JPIMPY=ECI]

Compared with May, exports fell 1.8 percent on a seasonally
adjusted basis. [JPEXPY=ECI]

Exports to Asia, which account for more than half of Japan’s
total exports, rose 31.7 percent from a year earlier, while
shipments to the European Union increased 9.0 percent.

Economists say Europe’s debt problems will have little impact
on the Japanese economy as exports to the region account for only
about 10 percent of Japan’s total exports.

The trade balance came to a surplus of 687.0 billion yen
($7.86 billion), up 41.1 percent from a year earlier. That
compared with the median estimate for a 700 billion yen surplus
and a 43.7 percent rise. [JPTBAL=ECI]

Following is a table of the main figures. Economists’ median
forecasts are in parentheses:
————————————————————–
(Unadjusted, mln yen, y/y)

JUNE YEAR AGO PCT CHANGE
Overall balance +686,955 (+700,000) +486,992 +41.1
Exports 5,865,999 4,594,410 +27.7 (+23.5)
Imports 4,179,044 4,107,418 +26.1 (+22.2)
————————————————————–
To view full tables, go to the website of the Ministry of
Finance at:

http://www.customs.go.jp/toukei/info/index_e.htm

Stock Research

(Reporting by Rie Ishiguro)

Japan June exports rise 27.7 pct year/year – MOF