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Japan exports jump but trade still in red

Japan’s exports rose in March from a year earlier for the first time in six months, mainly on the strength of US sales, but high fuel imports pushed the trade balance back into deficit and manufacturers remain cautious about business in months ahead.

Reflecting rekindled worries about Europe’s debt crisis and concerns the yen could rally again, manufacturing confidence dipped in April after a sharp rebound the previous month, a Reuters poll showed.

The subdued sentiment suggested the Bank of Japan will remain under pressure to ease monetary policy further when it meets on 27 April.

(Source: CNBC)