The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
Japan exports jump in September on soaring global demand
In September, Japan's exports ascended for a tenth straight month, underpinned by positive demand from overseas, as a Reuters survey disclosed on Friday. It underscored a steady economic revival.
Exports managed to grow 14.9% in September versus 2016, following August’s 18.1% rally. It’s the fastest pace of surge in almost four years, as the poll of 18 experts disclosed.
Imports gained 15%, soaring for nine months in a row, as the survey discovered.
In September, Japan reported trade surplus of approximately 559.8 billion yen.
This Asian country’s export sector has been backed by a soar in demand for Japanese cars as well as electronic devices, particularly electronic displays and semiconductors. Japan’s exports are still positive. It’s especially true for shipments to the United States and Asia.
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