Japan's economic recovery accelerates, strong exports increase the likelihood of a Bank of Japan rate hike

Jinse Finance reported that analyst Eamonn Sheridan stated that today's release of Japan's trade and investment data has reinforced expectations that the Bank of Japan will raise interest rates by 25 basis points this week. After last quarter's contraction, signs of economic recovery continue to strengthen. Japan's exports in November grew for the third consecutive month, up 6.1% year-on-year, easily surpassing market expectations. Strong demand from the United States and Europe, as well as a rebound in global semiconductor demand following the finalization of the US trade agreement, have driven this recovery. Exports to the United States increased by 8.8%, and exports to the European Union grew by nearly 20%, highlighting the improvement in external momentum. (Golden Ten Data)