Source : Flickr/Toomore Chiang
As the demands for different products have increased over last several months, Japanese rate of exports have gone higher than expected in the month of March according to latest reports as the country continues its quest to recover from reduced domestic consumptions.
According to latest research by economists from The Wall Street Journal, the latest growth in the world economy has contributed largely towards the latest recovery. While the country’s currency saw a sudden downfall following Donald Trump’s victory in the US presidential election, the Yen has fought back significantly which contributed towards better than expected performance last month.
However, Japan’s trade relation with the United States is under close scrutiny as US President Donald Trump is said to be unhappy with the country’s shortfalls with Asia’s export powerhouses.
Talking about the latest increase in growth rate, the country’s ministry said that the country’s overall trade balance came to a surplus of Y614.7 billion in March which was higher than an expected figure of Y576 billion.