Japan's October export growth demonstrates resilience to tariffs.

The weakening of the Japanese yen has boosted the value of Japanese export goods, helping to offset the impact of US tariffs, leading to a second consecutive month of growth in Japan's exports in October. Data released by the government on Friday showed that Japan's exports in October increased by 3.6% compared to the same month last year, following a 4.2% increase in September. This growth exceeded the average expected increase of 1.1%. In October, the average exchange rate of the yen against the US dollar was 149.51 yen, a depreciation of 2.5% compared to the same period last year. The weakening yen will increase the overseas earnings repatriated by Japanese exporters. However, government data showed that exports to the United States decreased by 3.1% compared to the same period last year due to weak exports of automobiles, semiconductor manufacturing equipment, and pharmaceuticals. In contrast, the decline in September was 13.3%, and the data for October marked the seventh consecutive month of contraction in exports to the United States.