Japanese exports grew 6.6% 14.5%YoY in August, revealing an acceleration in export growth, despite escalating trade tensions with the US. Exports to the US alone rose 5.3% in the year to August, with medicines, construction and mining machinery leading the way. While, imports from the US grew at 21.5%, with aircrafts and LNG leading the way, and decreasing the country's trade surplus with the US by YoY14.5%YoY to JPY455.8bn ($4.06bn). Meanwhile, Japan is looking to avoid steep US tariffs on its car exports.
Japanese exports grew 6.6% YoY in August, revealing an acceleration in export growth, despite escalating trade tensions with the US. Exports to the US alone rose 5.3% in the year to August, with medicines, construction and mining machinery leading the way. While, imports from the US grew at 21.5%, with aircrafts and LNG leading the way, and decreasing the country's trade surplus with the US by 14.5%YoY to JPY455.8bn ($4.06bn). Meanwhile, Japan is looking to avoid steep US tariffs on its car exports.