Japan's Exports See Strong Growth in February, Offering Economic Boost
• Japan's exports rose 7.8% in February 2022 compared to February 2021, beating expectations • Growth was driven by improved demand in major markets like the U.S., China, and the European Union • The data comes after the Bank of Japan shifted away from years of unconventional monetary stimulus • Japan narrowly dodged a recession late last year, so export growth offers hope for the economy • Big Japanese firms' confidence and the service-sector mood rebounded to multi-month highs in March