Tuesday, June 19, 2012

Japan exports surge 10% in May easing slowdown fears

Workers at a car factory in Japan

Japan's exports have risen the most in 17 months easing concerns about the impact of a global slowdown on the Japanese economy.

Exports rose 10% in May from a year earlier, boosted by a 38% jump in deliveries to the US.

Shipments to China, Japan's biggest trading partner, also rose for the first time in eight months.

Japan's export-dependent economy relies heavily on demand from markets such as the US, Europe and China for growth.



Source & Image : BBC

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