Japan’s exports increase 11.9% rise YoY in Jan.

Japan experienced an 11.9 per cent increase in exports in January compared to the same month in the previous year, beating expectations of 9.5 per cent by a Reuters poll,  Reuters reported, citing Ministry of Finance data on Wednesday.

On the other hand, imports saw a decline of 9.6 per cent, falling short of the expected 8.4 per cent decrease.

The trade balance resulted in a deficit of 1.758 trillion yen ($11.73 billion), lower than the median estimate of 1.926 trillion yen.

($1 = 149.9200 yen)