Japan export rebound offers hope for economic growth


Japan's exports in July rose 3.9% year-on-year, following a revised 1.9% decline in the year to June - AFP Photo.

TOKYO: 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 exports as part of the government's "Abenomics" plan to energise the Japanese economy.

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