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Japan exports up 3.9% as overseas demand picks up

This will help offset weakness in domestic spending, support 'Abenomics'

[TOKYO] Japan's exports rose in July for the first time in three months in a tentative sign that overseas demand is starting to recover, which could raise hopes that exports can offset a slump in consumer spending.

The export data will be a relief for the Bank of Japan, which has predicated its economic growth and inflation forecasts on a rapid rise in exports as part of the government's "Abenomics" plan to energise the Japanese economy.

"The BOJ can say with more confidence that it will keep its monetary...

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