Tokyo – Japan has reported that its exports in February increased at 11.4% annual pace, while imports have declined slightly, the surplus has been abandoned after two straight months of losses as President Donald Trump’s concerns about tariff hikes increase.
The Finance Ministry said on Wednesday that the strong export growth received a trade surplus after two straight losses last month.
Japan recorded a trade surplus of 584 billion yen ($ 3.9 billion) last month. It had a trade deficit of 415 billion yen last year. The increase in exports overtaken the 7% annual growth in January. The export was a total of 9.19 trillion yen ($ 61 billion), while imports fell 0.7% to 8.61 trillion yen ($ 57 billion).
In January, imports jumped around 17% year-on-year.
Japan’s exports have increased in recent months as businesses participated to send foreign shipments before Kicking Trump’s tariff.
High American tariffs on steel and aluminum have already begun, but the biggest threat to the Japanese economy will come into auto tariffs which are due to being effective next month. Japanese officials are demanding exemption from the Trump administration, an important business partner and a US ally for Japan
Japan’s exports increased by 10.5% in February in February, while imports from the US fell 2.7%, compared to a year ago, left a surplus of 918.8 billion yen ($ 6.2 billion).
Exports to Asia jumped about 16% from a year ago, while 4.5% fell in Europe.
A large part of the exports included food, machinery and vehicles.
The imports fell from the Middle East with a fall in oil prices.
In addition, on Wednesday, the central bank of Japan chose as expected to keep its benchmark interest rate unchanged at 0.5%. The central bank is gradually raising a major rate below zero to combat growing inflation, but Trump’s policies have increased uncertainty on trade as well as trade with global economic perspectives.
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