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Japan's annual exports up for first time in 15 months on global demand

Wednesday, January 25, 2017 - 09:00

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Japan's annual exports rose for the first time in 15 months in December, led by shipments of car parts and electronics, underscoring a pickup in global demand and adding momentum to the export-reliant economy's recovery.

[TOKYO] Japan's annual exports rose for the first time in 15 months in December, led by shipments of car parts and electronics, underscoring a pickup in global demand and adding momentum to the export-reliant economy's recovery.

Ministry of Finance data showed on Wednesday that exports rose 5.4 per cent year-on-year in December, compared with a 1.2 per cent annual increase expected by economists in a Reuters poll. It followed an annual 0.4 per cent decline in November.

Shipments in terms of volume also rose 8.4 per cent from a year earlier, up for a second straight month, underlining a pickup in external demand.

The trade data should be encouraging to the Bank of Japan, which is seen maintaining an upbeat view on the world's third largest economy at a policy review next week on prospects of improving global growth.

sentifi.com

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However, worries about protectionism under US President Donald Trump have raised uncertainty over the outlook as he formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies.

REUTERS

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