Japan’s exporters are benefiting from a global trade rebound that’s being driven by interest-rate cuts and more than $2 trillion in government spending, says Bloomberg.
Citing figures released by Japan’s Finance Ministry, Bloomberg says that shipments abroad dropped 30.7% from a year earlier, compared with a 36% decline in August. From a month earlier, exports fell 0.8%.
According to Bloomberg, the export numbers suggest world trade is picking up, led by demand from China. The world’s third-largest economy is spending 4 trillion yuan ($586 billion) on building projects and consumer incentives that are bolstering sales of cars, electronics and machinery.