Japan’s exports up on solid demand

Exports rose 48.6% in June from a year earlier, the fourth straight month of double-digit gains, although growth was largely exaggerated by a Covid-led plunge last year.

TOKYO: Japan’s exports jumped in June led by US demand for cars and China-bound shipments of chip-making equipment, supporting hopes for an export-led recovery in the world’s third-largest economy.

Exports rose 48.6% in June from a year earlier, the fourth straight month of double-digit gains, although growth was largely exaggerated by a Covid-led plunge last year.