Japan exports rise 2.8% in Dec, beat forecasts

TOKYO (Reuters) – Japanese exports rose 2.8% year-on-year in December, up for a third straight month, data from the Ministry of Finance showed on Thursday.

The result compared with a 2.3% increase expected by economists in a Reuters poll.

Imports grew 1.8% in December from a year earlier, versus a 2.6% increase expected by economists.

As a result, the trade balance stood at a surplus of 130.9 billion yen ($836.90 million), compared with the forecast of a deficit of 53 billion yen.

© Reuters. A laborer works in a container area at a port in Tokyo, Japan July 19, 2017. Picture taken July 19, 2017. REUTERS/Toru Hanai/File Photo

For the whole of 2024, Japan logged a trade deficit of 5.3 trillion yen.

($1 = 156.4100 yen)

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