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Japanese Exports Jump Most in Two Years, Led by Sales to China

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Japan's Feb. Trade Surplus Is at $7.29 Billion

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Japan’s exports rose for a third consecutive month in February as strengthening global demand continued to help the nation’s moderate economic recovery. The increase was the biggest in two years, reflecting the timing of Lunar New Year holidays in Asia.

While February’s exports were inflated by the Lunar New Year holiday, the results confirm a nascent recovery. The risk now comes from rising protectionist sentiment. Under pressure from the U.S., Group of 20 nations dropped a pledge to "avoid all forms of protectionism" in their communique following a meeting of its finance chiefs and central bank governors this past weekend. Prime Minister Shinzo Abe has become increasingly vocal about the importance of free trade, warning of a trend toward "protectionism and navel-gazing."