Exports increased by 6.4 percent, which was better than the 5.6 percent gain expected by economists.
Exports to the U.S. and China grew by 10.9 percent and 3 percent, respectively. However, exports to the E.U. fell by 4.5 percent.
These numbers are crucial for
Imports surged by 7.3 percent, which was much higher than the 2.1 percent gain expected.
As such, the trade deficit widened to ¥1.63 trillion, which was wider than the ¥1.38 trillion gap expected.