Japan's Exports Surge Led by Automotive and Machinery Sectors

Exports rose 7.8% in February, marking a third consecutive month of growth amid an economic slowdown.

Japan's trade deficit narrowed to $2.5 billion in February, as exports increased by 7.8% year-on-year.
Automotive shipments, particularly vehicles and auto parts, saw significant increases, with vehicle exports up by 20%.
The rebound in tourism, counting as exports, has surpassed pre-COVID-19 pandemic levels, contributing to export growth.
The Bank of Japan raised its key interest rate for the first time in 17 years, signaling a shift in economic policy.
Imports showed mixed results, with increases in food, medical products, and computers, but declines in autos and power-generating machines.