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.