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Japan's export growth in July was 10.3%, exceeding market expectations.
Data released by the Japanese Ministry of Finance on Wednesday showed that Japan's exports in July grew faster than expected due to strong demand for chip manufacturing equipment, electronic components, and autos. The data showed that Japan's exports in July increased by 10.3% year-on-year, higher than the 5.4% growth in June and the 8.1% increase predicted by economists surveyed by data provider FactSet. Japan's imports in July increased by 16.6%, resulting in a trade deficit of 621.8 billion yen (approximately $4.28 billion).
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