Japan exports rebound
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Japan’s economy has contracted at an annual pace of 2.3% in the July-September period, as exports suffered from the impact of U.S.
TOKYO (Reuters) -Japan's exports rose more than expected in October for a second straight monthly gain, government data showed on Friday, underpinned by a milder fall in U.S.-bound shipments, resilient demand in other key markets and a weaker yen.
Japanese government bond yields have risen steadily in recent months and have climbed more sharply since mid-November, when Prime Minister Sanae Takaichi unveiled plans to stimulate the economy through higher government spending. Those plans will include $75bn of new bond issuance.
Exports gained 6.1% in November from a year earlier, the Finance Ministry reported, while economists had forecast a 5.0% increase.
Japan's economy contracted in the three months through September primarily due to new data dragging down capital spending figures. Although U.S. tariffs are likely to pressure exports, economists said the Japanese economy is likely to return to growth in the next quarter, anchored by a slow recovery in private consumption.
Car imports are now at the center of US-Japan tariff talks, with American officials pointing out that it's easier for foreign brands to sell in the US than for American-built cars to enter Japan. In response,