Japan's annual export jumps, accelerating the economy

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Source: Bloomberg
Japanese exports surged in January due to strong demand from Asia and the US, providing evidence that the world's third largest economy is escaping recession. Exports rose by 17% on a yearly basis last month, exceeding the forecasts of 13.5%. Meanwhile, import dropped 9% from a year earlier, curbing the trade shortage to 1.2 trillion yen. 
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