The volume of Japanese exports last month grew 17 percent year-on-year, writes Bloomberg.
The growth rate was the highest in the last 4 years. According to analysts surveyed by Bloomberg, the acceleration of the exports growth in the reporting period had to be 13.5 percent, while in December, the figure was 12.8 percent. The index rose against the demand in Asia and the United States due to the depreciation of the yen against most world currencies, including the dollar.
Thus, the volume of exports of Japan to the U.S. rose in August to 16.5 percent, to the E.U. - 7.4 percent, while in Asian countries - 22.7 percent.
However, imports of Japan last month fell 9 percent, due to a collapse in prices for ‘black gold’. Experts predicted that the rate had to be 4.9 percent. In July 2015, the imports in Japan increased 1.9 percent.
It is necessary to add that the growth of exports, due to lower imports, led to a significant decline in the country's trade deficit to 1 trillion mark 180 billion yen.
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