Japan's Imports Rebound In July, But Trade Surplus Narrows

Japan's exports rebounded in July, a month which saw China replace the U.S. as the nation's largest customer. Overseas shipments were 8.1 percent from a year earlier, after declining for the first time since 2003 in June, according to data from the Finance Ministry in Tokyo today. Exports to China climbed 16.8 percent while shipments to the U.S. were down 11.5 percent on the year.Exports to China