Japan Exports Jump 11.7% in March

Japan reported a strong rise in exports for March, with shipments increasing 11.7% year-on-year, marking a seventh consecutive month of growth. The increase was driven by steady global demand and higher export prices, helping the economy maintain momentum even as global trade faces disruptions linked to Middle East tensions, including energy and shipping constraints. Imports also rose 10.9%, reflecting higher energy and material costs. Trade data showed exports to the United States rose 3.4%, while shipments to China increased 17.7%. This resulted in a trade surplus of 667 billion yen ($4.18 billion), below expectations. While higher oil prices and supply disruptions, especially linked to the Strait of Hormuz, support export values, they also raise import costs and pressure domestic consumers. Analysts warn these energy shocks could slow growth, while the Bank of Japan is expected to keep interest rates unchanged at its next policy meeting.