Dramatic rise in Japanese exports
March 24, 2010 - 3:13 pm
Deliveries of goods for export jumped 45.3% in February in Japan, their biggest increase in nearly three decades. Exports rose towards all continents for the first time since 2007, according to figures released today by the Ministry of Finance nippon.
Despite the concerns of the Japanese government vis-?-vis the deflation threat, the dramatic rebound in exports could indicate the consolidation of the recovery so far seen as fragile and dispel any doubts about a possible recession.
The sharp increase reflects a recovery of global trade but also by a calculation that gives in February 2009 as the reference period. Japanese exports were then plunged 49.4%. Imports were up 29.5% last month.