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Japan exports continue to recover

Cargo terminal in TokyoThe export sector is one of the key drivers of Japan's economy

Japanese exports continue to recover, rising for a fourth month in a row in June, boosted by a weak yen and a revival in demand from Europe.

Exports rose 7.4% from a year earlier. Sales to the European Union (EU) rose by 8.6% - the first jump in 21 months.

The Japanese yen has weakened 25% against the US dollar since November last year after a series of aggressive policy moves by Japan.

A weak currency makes Japanese goods cheaper for foreign buyers.

"This is clear evidence that the weakness of the Japanese currency has helped Japan's exports," Martin Schulz of Fujitsu Research Institute told the BBC.

"The export environment in Asia is very challenging and the fact that Japan has seen growth for four straight months is a positive sign," he added.

Meanwhile, imports rose 11.8% from a year ago, resulting in a trade deficit of 180.8bn yen ($1.8bn; £ 1.2bn).



Source: BBC News - Business http://www.bbc.co.uk/news/business-23429558#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa