
Japan rides chip boom to near four-year export surge
Japan's July exports rose 23.2% year on year, led by semiconductor shipments and a 49.1% jump in semiconductor equipment, marking the fifth straight monthly gain and the fastest pace since Oct 2022. Shipments to China climbed 25.8% and to the U.S. 22%, aided by a weak yen and higher selling prices even as volumes rose 5.2%. Imports gained 27.8%, driven in part by petroleum as oil prices climbed. The solid export performance supported GDP growth in Q2, with the yen weakening and the Nikkei edging higher after the data release.




