Japan's Exports in July Increased By 10.3% Year-on-year

Japan's exports in July increased by 10.3% year-on-year
According to data released by the Japanese Ministry of Finance, Japan's exports grew faster than expected in July due to strong demand for chip manufacturing equipment, electronic components, and automobiles. Data shows that Japan's exports in July increased by 10.3% year-on-year, higher than the 5.4% growth rate in June. Imports increased by 16.6%, resulting in a trade deficit of 621.8 billion yen (approximately 4.28 billion US dollars).