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Japanese exports grew for a 12th straight month in November
Japanese exports rose for a twelfth straight month in November on the back of buoyant overseas demand and the confidence among nation’s biggest manufacturers is at an 11-year high.
A Bloomberg report says, "a yearlong recovery in exports has kicked Japan into a high gear, fueling record profits and rising capital spending during the longest economic expansion since the mid-1990s."
Key points (Source: Bloomberg)
- The value of exports rose 16.2 percent in November.
- Imports increased 17.2 percent
- The trade surplus was 113.4 billion yen ($1 billion).
- Japan’s adjusted trade balance showed a surplus of 364.1 billion yen.
- Exports to China, Japan’s largest trading partner, rose 25.1 percent from a year earlier.
- Exports to the US rose 13 percent.
Author
Omkar Godbole
FXStreet Contributor
Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.
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