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            october 18, 2018

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Japan's exports up 14pc, biggest jump since 2008


Japanese exports grew 14 per cent in October year on year, falling short of a 15.7 per cent increase, predicted by economists, a double digit rise for a fourth straight month, the nation's best performance since 2008, reported Bloomberg.
Exports to China, Japan's largest trading partner, rose 26 per cent from a year earlier. Exports to the US increased 7.1 per cent and shipments to the EU rose 15.8 per cent.
Imports increased 18.9 per cent, again falling short the 20.2 per cent rise predicted and producing a trade surplus of JPY285.4 billion (US$2.6 billion), falling short of the JPY330 billion forecast.
Japan's export growth resulted from improving global demand, with new smartphone sales leading. Japan exported JPY57 trillion in goods, driving Japan's economy to seven straight quarterly expansions.

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