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Auto exports power Japan''s trade surplus news
25 July 2007

Japan''s trade surplus rose in June on the back of stronger-than-expected auto export growth to touch a ¥1.23 trillion ($10.18 billion / Rs40,590 crore) — a 53 per cent year-on-year increase.

The fall in the value of the Yen has helped push exports to the US, the largest single buyer of Japanese goods, by 6.7 per cent than in the same period a year earlier.

Japanese automakers have witnessed strong sales in Asia, the US and Europe, along with rising global oil prices, helping it to arrest the decline in recent months of its trade surplus with the US.

Observers say, that the rising trade surplus, may herald an increase in Japanese interest to 0.75 per cent, perhaps, by August. Earlier in February, the Bank of Japan had raised rates to 0.5 per cent.

Japan''s trade surplus with the US is forecast to rise steadily in the second half of 2007.
and is said to be keen to make acquisitions of active insurance companies.

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Auto exports power Japan''s trade surplus