Friday, 16th August 2013
In Business In Japan,
Japan's exports are on the rise, survey suggests
A new report has given a further indication that the Japanese economy is on the rise once more.
Earlier this week, it was revealed that the country's gross domestic product figure has climbed, albeit at a slower pace than some experts had speculated.
And now, a report from Reuters has claimed that Japan's exports in July have grown at the fastest pace in nearly three years.
The survey is taken as further proof that the benefits of a weak yen are starting to materialise.
Despite this, Shuji Tonouchi, senior fixed income strategist at Mitsubishi UFJ Morgan Stanley Securities, warned that some problems persist.
"One concern is that oil prices are rising again, which will push up energy imports," he told the news provider.
"Still," Mr Tonouchi added, "I expect a recovery in both the value and volume of exports to take hold. I think the trade deficit will improve."
Written by Mark Smith