Wednesday 20 June 2012

The Japan's exports surge 10%

The Japan's exports have risen the most in 17 months easing concerns about the impact of a global slowdown on the Japanese economy.
Exports rose 10% in May from a year earlier, boosted by a 38% jump in deliveries to the US.
Shipments to China, Japan's biggest trading partner, also rose for the first time in eight months.
Japan's export-dependent economy relies heavily on demand from markets such as the US, Europe and China for growth.
Meanwhile, imports also rose by a better-than-expected 9% during the month, which analysts said was a sign that domestic demand may also be picking up.

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