Japanese export growth fastest in a year
Japanese export growth
- +17% y/y
- median estimate was at +13.5%
- Accelerated to the fastest in more than a year in January
More (via Bloomberg):
- Imports down 9% y/y ... falling oil prices cited
- Support from overseas demand helped the economy rebound from a recession
- But still weaker-than-forecast consumer and business spending
- Falling oil prices reduced import costs
- "Exports will continue to recover, driving economic growth," Akiyoshi Takumori, an economist at Sumitomo Mitsui Asset Management Co. said before the data was released. "With the help of cheaper oil, it's possible the trade balance will turn to a surplus on monthly basis this year."