Japanese exports growth in February has reached a two-year high
In February, Japanese exports has increased by 11.3% compared to the same period last year. The growth rate of exports in Japan turned out to be better than analysts' forecasts, which ranged at the 10%. Thus, this index reached a two-year high from January 2015.
The main exports increase occurred in China and other Asian countries. Japanese exports to China, which is a key trading partner of Japan, increased by 28.2% in annual comparison. The volume of Japanese exports in the United States also increased by 0.4% compared to last year. This happened mainly due to the increase of the Japanese vehicles and components supply.
The exports increase has a positive impact on the Japanese economy, because it contributes to the maintenance of productive sectors and capital investment improving. However, the concern, that increasing trade surplus with the United States could contribute of increased tension in trade relations between the two countries in the future, remains against the background of protectionism growing in America.