Japanese exports shown to rise

<p>Exports from Japan are up at their fastest rate since 2010.</p>

Data shows Japanese exports are rising at their fastest rate in three years.

Shipments shot up by more than ten per cent from the previous year, the release of the official figures showed, to earn a total of 5.8 trillion yen (£39 billion).

Junko Nishioka, chief economist at RBS Securities Japan, explained the data shows companies in the Asian nation are in "better shape", reports BBC News.

"Their profitability is also rising these days, meaning they are becoming more resilient to potential external shocks," he said.

It is thought that the falling value of the yen against the US dollar has been a boost to Japanese companies, which are expected to see profits rise this year as a result of the weak currency.

Although it has rebounded slightly in the last couple of weeks, the yen has lost over a fifth of its value against the US dollar in the 12 months to May.

Earlier this month, it was revealed that Japan's economy outperformed expectations and expanded at an annualised rate of 4.1 per cent in the first quarter of 2013.

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