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Japan February exports jump, surplus with U.S.

Staff Writer |
Japan's exports grew the most in more than two years in February, rebounding from a Lunar New Year slowdown in January.

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Annual export growth of 11.3 percent topped a 10.6 percent increase expected by economists in a Reuters poll and followed a 1.3 percent rise in January, marking the biggest gain since January 2015, Ministry of Finance data showed.

Exports to the United States rose 0.4 percent in February from a year ago, largely from bigger shipments of cars and auto parts.

Any rise in Japan's trade surplus with the United States could be a cause of concern for Japanese policymakers, given that U.S. President Donald Trump has singled out Japan, China and Germany for their high net exports into the U.S. market.

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