Japan's Exports Rise 9.1% in November

Japan's exports rose 9.1 percent in November from a year earlier, the Ministry of Finance (MOF) said in a report on December 22, marking the 12th straight month of growth.

The rise follows a 7.8 percent rise in October, although authorities cited rising demand from China and a weakening yen as boosting Japanese exports in November.

Exports to Asia, which account for more than half of Japan's total exports, rose 13 percent from a year earlier, while shipments to China increased 18.3 percent, the ministry's data revealed.

The value of exports in the recording period stood at 5,441.1 billion yen (64.95 billion U.S. dollars) from a year earlier, the ministry said. However the trade balance was logged at 162.8 billion yen (1.9 billion U.S. dollars), down 55.4 percent from a year earlier.


12/22/2010 3:44:02 PM