Japan: December Exports on the Up

A Reuters report filed today showed that Japan’s exports rose 12.1 per cent in December from a year earlier. This was based on Ministry of Finance data and is more than economists’ median forecast for a 7.6 per cent rise.

Exports to Asia, which account for more than half of Japan’s total exports, rose 31.2 per cent from a year earlier.

The trade balance came to a surplus of 545.3 billion yen (RM20.7 billion), below the median estimate for a 590.0 billion yen surplus.

So, it is good news for the second largest economy of the world.