Japan Export Rebound Offers Hope For Economic Growth
Japan’s exports rose in July for the first time in three months in a tentative sign that demand overseas is starting to recover, which could raise hopes that exports can offset a slump in consumer spending. The export data will be a relief for the Bank of Japan, which has predicated its economic growth and inflation forecasts on a rapid rise in net exports as part of the government’s “Abenomics” plan to energize the Japanese economy.
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