Japan's exports post 44% rise in March
By Tomoko A. Hosaka |
April 23, 2010, Friday
|
Print Edition
Print Edition
JAPAN'S exports rose for a fourth straight month in March as a recovering global economy triggered demand for the nation's autos and gadgets.
Exports jumped 43.5 percent from a year earlier to 6 trillion yen (US$63.5 billion), the government said yesterday.
The figures offer more evidence that robust growth, particularly in Asia, is feeding a turnaround in the world's second-biggest economy, offsetting weak demand and falling prices at home.
Exports rose globally, with those to Asia up 53 percent.
Led by a booming China, the region's robust growth has been key in lifting Japanese corporate profits, factory output and business confidence. The International Monetary Fund forecast on Wednesday that China's economy - which has overtaken the United States to become the biggest market for Japanese exports - would surge 10 percent this year.
Exports to the US grew 30 percent, and those to the European Union rose 27 percent, the finance ministry said.
Exports jumped 43.5 percent from a year earlier to 6 trillion yen (US$63.5 billion), the government said yesterday.
The figures offer more evidence that robust growth, particularly in Asia, is feeding a turnaround in the world's second-biggest economy, offsetting weak demand and falling prices at home.
Exports rose globally, with those to Asia up 53 percent.
Led by a booming China, the region's robust growth has been key in lifting Japanese corporate profits, factory output and business confidence. The International Monetary Fund forecast on Wednesday that China's economy - which has overtaken the United States to become the biggest market for Japanese exports - would surge 10 percent this year.
Exports to the US grew 30 percent, and those to the European Union rose 27 percent, the finance ministry said.
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