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Japanese exports grew in February, driven by a weaker yen and strength in the U.S. economy, though the pace of gains was smaller than in previous months. It was the sixth consecutive increase. Exports increased 2.4% in February from the previous year, while imports declined 3.6%. Exports to China dropped 17.3% due to lower shipments of cars and car parts. Exports to the U.S. climbed 14.3% due to higher shipments of cars, car parts and construction equipment. Japan's trade deficit narrowed to ¥424.6 billion.
Japan's adjusted trade deficit widened to ¥638.8 billion in February from a deficit of ¥412.3 billion in January. Analysts had expected a deficit of ¥1,210.00 billion.
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