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In April, Japan's exports managed to inch up again, thus marking their fifth straight month of revenues. It’s because shipments of semiconductors as well as steel expanded, showing that more robust overseas demand could back a steady economic revival.
Exports soared 7.5% in April from last year, which is below the median estimate of 7.8% annual surge, as finance ministry data disclosed on Monday. By the way, it followed a 12% ascend in March.
Aside from that, the data pointed out that Japan's trade surplus with America dipped. In April, exports to the USA tacked on 2.6% percent from the previous year, earning for the third straight month because of larger shipments of vehicles as well as car parts. However, Japan's trade surplus with the US edged down 4.2% in April from last year, hitting 586.7 billion yen.
Japanese exports are supposed to keep rallying as global economic surge gains momentum, although worries as for Donald Trump's promise to adopt protectionist trade policies weigh on the outlook for export-reliant Japan.
This week we anticipate inflation data and retail sales for Britain and the US and employment data for Australia. What are the forecasts and how they may affect the currency pairs? Read this week's news wrap!
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