Japan China Trade Rises 10 Percent YoY

February 8, 2013 Share Print 0

After the territorial dispute between Japan and China trade is starting to pick up again.

Trade between Japan and China totaled $25.05 billion in January, up 10.3 percent from a year earlier for the first increase in eight months, government data showed Friday.

The turnaround is attributable to the fact the Spring Festival, or Chinese Lunar New Year, holiday falls in February this year, unlike in January last year, which created more business days this January than last year.

However, the data suggest bilateral economic relations may have improved after falls in trade in the wake of anti-Japan demonstrations and an anti-Japanese products campaign in China over the Japanese government’s purchase of part of the Senkaku Islands from a private Japanese owner in September last year.

China’s imports from Japan rose 15.4 percent in January for the first increase in six months, according to the General Administration of Customs.

via Mainichi

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.