Japan exports post better growth in November (AP)

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was a long time a coming. But Japan exports post better growth in November
(AP) doesn’t stop here. The author shows two wonderful talents. Read the the rest sections to see what I mean. By: US Economy

TOKYO – Japan’s export growth accelerated for the first time in nine months in November, a possible sign that global demand is improving again.

Exports from the world’s third-largest economy rose 9.1 percent from a year earlier, the government said Wednesday.

While exports have expanded throughout the year, the rate of growth has steadily fallen as overseas demand cooled and the yen rose to 15-year highs. In February, exports jumped more than 45 percent. By October, that had slid to less than 8 percent.

The slowdown triggered widespread concern about the fate of Japan’s recovery, which has depended heavily on exports.

The central bank on Tuesday kept interest rates on hold at virtually zero and maintained its cautious assessment of the economy. The recovery “seems to be pausing” and exports are flat, it said.

Companies are worried too. A key central bank survey last week showed that business sentiment fell for the first time in seven quarters.

Some economists predict that Japan’s gross domestic product contracted this quarter.

Europe’s ongoing debt problems and possible monetary tightening in China have added to the uncertainty.

But the latest figures offer glimmers of hope for Japan. Goldman Sachs economist Chiwoong Lee is optimistic about 2011 and expects the country’s exports to keep improving.

“With assistance from an easier yen, exports should sustain growth on the strength of the U.S. economy,” Lee said in a note to clients.

Exports to China, Japan’s biggest trading partner, rose 18.3 percent in November from a year earlier, the finance ministry said. Shipments to the European Union climbed 10.1 percent, while those to the U.S. rose a lackluster 1.2 percent.

Robust demand for general machinery, particularly from China, offset declines in electrical machinery such as semiconductors and audiovisual devices.

Imports rose 14.2 percent, shrinking Japan’s trade surplus for the month by 55 percent to 162.8 billion yen ($1.9 billion).

The breaking news, Japan exports post better growth in November
excerpt from US Economy

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