Japanese export soaring 40.9% higher than expected

Data on Feb 24 from <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Japan’s finance ministry shows a record of export volume in January hit 4.902 trillion yen, or 40.9 per cent year on year, much higher than the expectation of 36.4 per cent as economists estimated.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

No doubt the news is inspiring signal at early new year for Japan’s economy which depending on foreign orders particularly against slowdown background.

The result is quite related to many Asian countries and China’s booming for sustaining demand of electronic products, auto spare parts and construction materials. Those orders from Asia have helped Japan to offset its worse export to European or American countries, the latter presenting recovery rather slowly.

Leading by the Asian market, the export rebound will certainly support the idea that Japan’s economy would not be probably staggered in 2010. As a matter of fact, so many enterprises are now actively tackling domestic weak demand through enhancing export to its adjacent thriving markets, for example, Asahi Glass Co. showing a forceful rebound in operating profits by LCD products exported to China at last quarter.

In addition, Japan’s import has increased 4.817 trillion yen, or 8.6 percent up year on year, the first rise over 15 months. The price of fuel and other materials added the increase of the import.  So analysts say the idea of lasted economic booming will help the producers to take in more materials for export.