Japan’s exports sadden as they increased less than expected in April while the country’s trade deficit expanded significantly in the month. The Japan’s economy has a long way ahead to finally revive, but it seems that the weaker yen has not started bearing fruits yet. The disappointing results for April were mainly driven by weak demand from key trading partners, including the European Union and China.
Japan had been waiting for new positive signs and the newest data did not disappoint, showing that country’s exports rose in March on the weak yen. Not only did the figures exceed analysts’ estimates, but they also indicated that the Prime Minister Shinzo Abe’s steps started bearing fruits. Apart from a visible increase in Japan’s exports, the country also witnessed a decrease in the trade deficit in the month of March as Japanese products were more attractive and competitive.