Thursday, 27th May 2010
In Business In Japan,
Japanese exports rise
Japanese exports have risen on the back of the country's ongoing economic recovery, new figures have shown.
The April rise was the fifth-biggest annual gain on record for Japan and many economists have noted that it shows the Japanese recovery to be heavily reliant on exports to other nations. Demand for Japanese goods throughout Asia continues to be strong, with Chinese demand for the country's exports at particularly high levels.
Exports from Japan rose by 40.4 per cent in April this year when compared with a year earlier according to Ministry of Finance figures, a rise which was higher than a market forecast of 38.9 per cent.
Some of Japan's biggest export markets are cars, electrical items and parts and semiconductors.
Commenting on the figures, Azusa Kato, an economist at BNP Paribas in Tokyo, said: "Exports remain very firm even after very strong growth in January-March. The pace of export growth will slow in April-June, but we expect exports to continue to expand."
Written by Kimberley Homer.