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Japan exports drop 1.6% in June


Post Date: 22 Jul 2011    Viewed: 551

Japanese exports dropped 1.6 percent in June from a year earlier to 5,775.9 billion yen (about 73.26 billion U.S.dollars), marking the fourth straight monthly contraction, the Finance Ministry said in report Thursday.


However, the country logged a surprise trade surplus of 70.7 billion yen with its imports climbing 9.8 percent, according to a preliminary report of the Ministry.


The surplus, first in three months, came against the market forecast for a deficit.

 


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