Good Trade News
Japan’s economy is looking a little better. In November, the island nation posted a better-than-expected trade surplus totaling $4.1 billion. The trade surplus means that Japan, an export-reliant economy, may not experience another recession or a double-dip in its economy. The biggest gain in trade was in exports sent to Asian countries, the first in 14 months. In November, exports to China rose 7.8 percent as demand grew for plastics, automobile parts and organic compounds. However, exports to the rest of the world dipped 6.2 percent in November compared with the same month last year because trade with the United States and Europe is still weak.
