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Japan's Exports Boom But Inflation Refuses To Follow The Script
Japanese exports boomed in November 2017, rising +16.2% versus a year earlier and beating consensus expectations of +14.7%. It was the fifth straight month of double-digit growth and the strongest since August. Last month, growth of +14.0% had undershot expectations of +15.7%. Imports in November grew slightly less than expected at +17.2% versus the consensus of +18.0%. The trade surplus of 113.4 billion yen ($1 billion) contrasted with expectation of a 40 billion yen ($0.4 billion) deficit. According to Bloomberg, "Japan’s exports grew for a 12th straight month in November, topping economists’ expectations, as ... (full story)