Japanese exports recorded their biggest gain in more than two years in March, official data showed Thursday, in a sign of optimism for the world’s third-biggest economy. The strong result, which came in better than expected, backs up the view that Japan’s economic growth is picking up steam. The International Monetary Fund (IMF) on Tuesday … Read more
Japan’s trade surplus hit a multi-year high in February, government data showed Wednesday, as exports to China rebounded after a Lunar New Year lull. The value of Japan’s total shipments abroad rose 11.3 percent, the most in two years, on strong demand for vehicle components and electronic parts, while imports grew 1.2 percent. That resulted … Read more
The Bank of Japan said Wednesday that it’s introducing a new long-term interest rate target of around zero. The bank has already gone to extreme lengths in its attempts to stimulate the country’s stagnating economy in recent years, gobbling huge amounts of Japanese government bonds and taking a key interest rate into negative territory. But … Read more