Japan's Exports Surge, Hopes for Economic Recovery

Japans exports surged for the second consecutive month in October, bucking the trend of declining shipments to the US. This uptick comes after Japans economy contracted in the previous quarter, largely due to tariffs impacting exports. Despite a three-point-one percent drop in exports to the US, shipments to China saw a two-point-one percent increase. Imports also grew, resulting in a smaller-than-expected trade deficit. However, analysts warn that Japanese exporters may still face challenges due to tariffs and a potential US economic downturn.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.