According to official figures, exports in Japan have increased for the first time in fifteen months, since the official start of the global economic slowdown. Imports, however, were down by 5.5\% to 4.9 trillion yen compared to a year earlier, resulting in a trade surplus  545.3 trillion yen surplus for last month. However, the central Japanese bank held key interest rates down at 0.1\% on Tuesday, and predicted that deflation would still be present in the economy for three more years. The Japanese economy officially exited the recession in the 2009 April-June quarter, although some economic analysts are concerned about how strong the recovery will be. Meanwhile,  Japanese finance ministry announced that China overtook the United States as the country's largest overseas market; the former is also to overtake Japan as the second largest economy in the world.
According to official figures, exports from Japan have increased for the first time in fifteen months, since the official start of the global economic slowdown. Imports, however, were down by 5.5\% to 4.9 trillion yen compared to a year earlier, resulting in a trade surplus of 545.3 trillion yen surplus for last month. However, the central Japanese bank held key interest rates down at 0.1\% on Tuesday, and predicted that deflation would still be present in the economy for three more years. The Japanese economy officially exited the recession in the 2009 April–June quarter, although some economic analysts are concerned about how strong the recovery will be. Meanwhile, the Japanese finance ministry announced that China overtook the United States as the country's largest overseas market; China is also about to overtake Japan as the second largest economy in the world.
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