Japan’s exports in October massively beating expectations, government data on Friday showed, as shipment to Europe and Asia saw robust growth.
Exports grew 3.6% year on year compared with expectations of a 1.1% growth by economists polled by Reuters.
However, growth was lower than the 4.2% gain seen in September.
The data comes at a time when Japan is locked in a diplomatic spat with its largest trading partner, China, over Prime Minister Sanae Takaichi’s comments related to Taiwan.
Imports to the world’s fourth largest economy unexpectedly rose 0.7%, defying expectations of a 0.7% fall from the Reuters poll.
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