Japan's Exports Jump 18% in Biggest Gain in Almost 4 Years
- Shipments to China, U.S. and EU surge by double digits
- Cars and auto parts, electronic components drive increases
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Japanese exports and imports surged in August, with both beating expectations as a recovery in trade appeared to gain momentum.
Japan has enjoyed a run of strong growth in exports this year, while rising imports add to signs that domestic demand is firming as well. The Japanese economy grew at an annualized 2.5 percent in the second quarter, more than double its potential growth rate. But while a weaker yen has improved trade data, inflation remains well below the Bank of Japan’s 2 percent target.