Japan exports rise more than expected in October; imports also unexpectedly rise

Japanese exports surged by 3.1% in October, reversing a 1.7% decline in September that marked a 43-month low and surpassing forecasts of a 2.2% rise. Imports also increased by 0.4%, defying expectations for a 0.3% drop and after a downwardly revised 1.8% rise in September.