Japanese Exports Jump Most in Two Years
Japan’s exports rose for a third consecutive month in February as strengthening global demand continued to help the nation’s moderate economic recovery. The increase was the biggest in two years, reflecting the timing of Lunar New Year holidays in Asia partly in January. According to public data from, Japan’s Ministry of Finance, exports rose 11.3 percent from a year earlier (median estimate 10.1 percent). Imports increased 1.2 percent (estimate 1.3 percent). The trade surplus for February was 813.4 billion yen ($7.29 billion), compared with an estimate of 807.2 billion yen ($7.29 billion). Exports to the U.S. rose 0.4 percent from a year earlier. Shipments to the EU rose 3.3 percent. Exports to China, Japan’s largest trading partner, jumped 28 percent. (22.03.2017)
Source: Bloomberg
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