Japan's exports rise 40.4% in April on year

10:55, May 27, 2010      

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Japanese exports grew 40.4 percent in April from a year earlier, marking the 13th successive month of trade surplus, the Ministry of Finance (MOF) said Thursday in a preliminary report.

The ministry attributed rise in exports to increase in demand in Asia for Japanese products, suggesting the country's export-led expansion may have extended into the second quarter of this fiscal year.

However the pace of export growth in April slowed from the previous month when shipments abroad gained by 43.5 percent on year, the MOF said.

Nevertheless, the value of exports rose in April for the fifth successive month totaling 5,889 billion yen (65.39 billion U.S. dollars).

Due to imports to Japan rising 24.2 percent in April, totaling 5,147 billion yen (57.15 billion U.S. dollars) -- marking the fourth straight month of advance -- Japan's trade surplus stood at 742 billion yen in April continuing a surplus for the 13th consecutive month.

Source:Xinhua

(Editor:黄蓓蓓)

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