Wednesday, June 24, 2009

Consumer Sentiment Rises As Exports Slump - But Where, Oh Where Is The Recovery?

Japan put in a pretty negative export performance in May. Even shipments to China show little sign of improvement, and the general impression is that hopes for a quick recovery in global demand are looking very premature.On the other hand a 42 per cent year-on-year fall in imports in May left Japan with a trade surplus of Y299.8bn for the month - something that will help push gross domestic

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