AI Data Insight
Japan's latest total exports year-over-year growth rate reached 17.0%, further expanding from the previous 14.8% and beating the market expectation of 16.2%. This jump was primarily driven by a surge in semiconductor shipments fueled by AI, as well as the nominal price effect magnified by the depreciation of the yen. Looking ahead, export momentum is expected to continue in the short term, but in the medium to long term, caution is required regarding the potential impact of US tariff policies and geopolitical tensions on real external demand.