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In October, Japan's export surge was steady, hinting that brisk global demand for Japanese cars as well as electronics will probably carry its economic revival into the current quarter.
On Monday, Ministry of Finance data revealed that in October exports inched up 14% year-on-year, led by shipments of vehicles to Australia and also liquid-crystal device production equipment along with raw materials for plastics to China.
It compares with a 15.8% annual revenue expected by market experts following a 14.1% soar in September.
The trade figures followed data, which showed the previous week that Japan's economy extended at an annualized rate of about 1.4% during the third quarter, powered by firm external demand.
Market experts expect exports to keep driving surge in October-December because China will most likely stay away from a steep slowdown due to infrastructure investment, and also due to the fact progress on tax cuts improved prospects for the US.
In September, American industrial output rallied for a fourth month in a row, backed by profits in mining and manufacturing output, although momentum speeded down steeply in the third quarter…
British employees are facing their basic wages leap at the fastest tempo for almost a decade over the summer months, thus underpinning the Bank of England's opinion that a long period of weak pay hikes is coming to its end…
There’s a 50% probability of surviving as major players in the automotive industry for German car makers unless they have their businesses reformed to meet new rules and adapt supply chains…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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