Japan exports surge at fastest in nearly 4yrs

In August, rising shipments of cars and electronics have increased Japanese exports at the fastest pace in nearly four years, demonstrating that demand abroad is strong enough to sustain a economic growth.

The annual increase of 18.1% in exports has been the fastest since November 2013 and broke the median estimate for an annual increase of 14.7% observed in a Reuters poll.

The export result of August rose well on 13.4% in July, and marked a ninth month of consecutive expansion.

Export growth is likely to continue as the global economy remains on a solid footing, which should boost the confidence of decision-makers in Japan's economic outlook.

The Bank of Japan is expected to keep monetary policy pending at a meeting ending Thursday, while inflation remains extremely low despite data indicating solid economic growth


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