Japan's trade deficit narrows as exports surge

Exports in January saw a significant 11.9% increase, driven by strong demand for vehicles, auto parts, and machinery, while imports declined by 9.6%.

Japan's exports grew nearly 12% in January, with significant increases in shipments to North America, Asia, and the Middle East.
The trade deficit shrank to approximately $12 billion, half of what it was a year ago, as imports fell across most categories.
Manufacturers' sentiment has soured, with pessimists outnumbering optimists for the first time in 10 months, despite the export growth.
Japan's economy faces challenges from rising energy prices and a technical recession, but tourism is showing signs of recovery.
Analysts expect Japan's economy to recover later this year and in 2025, amidst speculation about a shift in the Bank of Japan's monetary policy.