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Japan shows signs of disaster recovery with trade surplus

Other News Materials 21 July 2011 10:30
Japan had a trade surplus of 70.7 billion yen (898 million dollars) in June, the first in three months, in a strong sign of recovery from the March earthquake and tsunami, officials said Thursday.
Japan shows signs of disaster recovery with trade surplus

Japan had a trade surplus of 70.7 billion yen (898 million dollars) in June, the first in three months, in a strong sign of recovery from the March earthquake and tsunami, officials said Thursday, DPA reported.

The surplus, however, was 89 per cent lower than a year earlier and was recorded despite a 1.6-per-cent, year-on-year fall in exports.

The exports decrease was the lowest in four months, and on a month-to-month basis, exports rose 5.4 per cent on a seasonally adjusted basis, the fastest since the March 11 disaster, which closed factories and disrupted manufacturers' supply chains.

Imports rose 9.8 per cent from the same month a year ago in the world's third-largest economy.

A fall in exports in April and May led to a trade deficit of 895.5 billion yen in the first six months of the year.

Exports were down 3 per cent for the period, compared with a year earlier, and imports climbed 10.9 per cent.

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