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| Japan exports rise by most since 2010 | Japan exports rise by most since 2010 |
| (35 minutes later) | |
| Japanese exports rose in May by the most since 2010 as the yen weakened, providing a boost to Prime Minister Shinzo Abe's plan to revive the economy. | Japanese exports rose in May by the most since 2010 as the yen weakened, providing a boost to Prime Minister Shinzo Abe's plan to revive the economy. |
| Shipments shot up 10.1% from the previous year, data showed, rising for a third straight month. | Shipments shot up 10.1% from the previous year, data showed, rising for a third straight month. |
| The yen has weakened significantly since last year, despite recent gains, helping exporters. | The yen has weakened significantly since last year, despite recent gains, helping exporters. |
| A strong yen makes their goods expensive overseas and cuts profits. | A strong yen makes their goods expensive overseas and cuts profits. |
| "We can certainly say that exports are headed in the right direction," said Shuji Tonouchi from Mitsubishi UFJ Morgan Stanley Securities. "The breakdown shows that export volumes are still a little weak. Demand from the United States is doing well." | "We can certainly say that exports are headed in the right direction," said Shuji Tonouchi from Mitsubishi UFJ Morgan Stanley Securities. "The breakdown shows that export volumes are still a little weak. Demand from the United States is doing well." |
| Shipments picked up in key markets with exports to the US rising 16.3% from a year earlier. Shipments to China increased 8.3%. | Shipments picked up in key markets with exports to the US rising 16.3% from a year earlier. Shipments to China increased 8.3%. |
| However, imports kept pace rising by 10% in May from a year ago, data showed. Therefore the trade balance came to a deficit of 993.9bn yen ($10.4bn; £6.7bn). | |
| It marks the 11th straight month that Japan has posted a deficit as energy import costs continue to be high after nuclear plants were shut down. |