Japan’s Best Export Performance Since 2008 Crisis Rolls On
- Value of exports in October rose 14% from a year earlier
- Export volumes remain below pre-crisis levels despite recovery
This article is for subscribers only.
Japan’s exports grew by double digits for a fourth straight month in October, continuing the best year-to-date performance since the global financial crisis.
Improving global demand has fueled strong growth in Japan’s exports throughout the year, with new smartphones creating demand for parts and machinery in recent months. In the 10 months through October, Japan exported 64 trillion yen worth of goods, the most over that period in any year since 2008. This has helped drive Japan’s economy to seven straight quarterly expansions, while investors expecting growing earnings have pushed stock prices to multi-year highs.