Japan’s economy shows signs of recovery
Japan’s economy is showing signs of
recovery after the country’s current budget surplus doubled in June
from a year earlier, the first expansion since February 2008.
Japan’s economy is showing signs of
recovery after the country’s current budget surplus doubled in June
from a year earlier, the first expansion since February 2008.
Japan's current surplus doubled to 1.15 trillion JPY in June as exports showed a reasonable recovery.
Exports fell 37 percent to 4.3 trillion JPY but the pace of the decline was the slowest since December 2008, as overseas demand for Japan's mainstay products, such as cars and high-tech products, finally picked up recently after being hit hard by the fallout from the global economic crisis.
According to the Finance Ministry, the balance of trade in goods and services posted a surplus of 485.9 billion JPY, compared with 1.9 billion JPY one year ago. The surplus grew for the first time in 13 months.
Analysts said that Japan’s economy rebounded in the second quarter after the recovery of the country’s production and exports, but they warned that while the US economy’s recovery prospects are still unclear, it is necessary to be vigilant./.
Japan's current surplus doubled to 1.15 trillion JPY in June as exports showed a reasonable recovery.
Exports fell 37 percent to 4.3 trillion JPY but the pace of the decline was the slowest since December 2008, as overseas demand for Japan's mainstay products, such as cars and high-tech products, finally picked up recently after being hit hard by the fallout from the global economic crisis.
According to the Finance Ministry, the balance of trade in goods and services posted a surplus of 485.9 billion JPY, compared with 1.9 billion JPY one year ago. The surplus grew for the first time in 13 months.
Analysts said that Japan’s economy rebounded in the second quarter after the recovery of the country’s production and exports, but they warned that while the US economy’s recovery prospects are still unclear, it is necessary to be vigilant./.
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