Japanese exports grew in October at the fastest pace in eight months, an encouraging sign that global demand could help the country recover from recession and support the central bank’s optimistic economic outlook.
The 9.6 percent annual rise in exports in October was more than double the 4.5 percent gain expected by economists in a Reuters poll and faster than September’s 6.9 percent year-on-year increase.
In another sign that the world’s third-largest economy is regaining its footing, a private flash survey showed that factory output grew in November at the fastest pace since March.
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