Japan exports grow most in year, signaling steady recovery from recession

By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s exports grew the most in a year in December, helped by a weak yen and a pick-up in overseas demand led by the United States, an encouraging sign for the recession-hit economy even as doubts persist about the strength of global consumption. The 12.9 percent year-on-year rise in exports marked a fourth straight month of growth, supported by shipments of cars to the United States and of electronics parts to China, data by the Ministry of Finance (MOF) showed on Monday. A recovery in exports, which has been a soft spot in the world’s third-largest economy, could be a source of comfort for Prime Minister Shinzo Abe, who is battling to re-kindle growth after an April sales tax hike drove Japan into a recession.

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Exports from Japan fell 2.4% from a year earlier to JPY 6.66 trillion in April 2019, pared to market consensus of a 1.8% drop and after a similar 2.4% fall in March. TOKYO — Japan’s economy grew slightly faster than initially estimated in the first quarter, thanks to stronger capital spending, but analysts say global trade tensions remain a drag on growth and raise risks to the Tokyo. Buoyant sales of cars and electronics led 's to a 14th straight month of th January but manufacturers' busess confidence slid - highlightg fears of the risg yen disruptg an export-led . Tags: japan, exports, grow, manufacturers, Japan GDP Growth Rate | The ese economy advanced 0.6 percent quarter-on-quarter the first quarter of 2019, stronger than a prelimary estimate of 0.5 percent and after an upwardly revised 0.5 percent th the previous period. Net The revised GDP confirmed imports fell faster than the first quarter, underlg the broadeng pressure across the economy as consumers more cautious.

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