TOKYO — Japan’s exports grew 14 per cent over a year earlier in October on strong demand for vehicles, electronics and machinery. Exports are helping to drive a moderate recovery in Japan, the world’s third-largest economy, as its factories struggle to keep up with demand for cars, electronic components and manufacturing equipment. The resulting surplus of 285.4 billion yen ($2.54 billion) compared with a 481.2 billion yen surplus a year earlier and 667.7 billion yen in September. Japan’s surplus with the U.S. jumped 11 per cent to 644.7 billion yen ($5.75 billion) on exports of 1.28 trillion yen ($11 billion), led by chemicals and machinery. “We therefore we expect real export growth to slow from 6 per cent year-on-year this year to 3 per cent in 2018.”

Source: National Post November 20, 2017 00:45 UTC