Japanese exports surged in January

Japanese exports surged, providing more evidence that the world's third largest economy is slowly climbing out of recession. Exports rose by 17% on year last month, their biggest jump since late 2013, while imports in January contracted 9% Y/Y. Helped by gains in financial and shipping companies, Tokyo’s Nikkei touched its highest level since May 2000 during the session, climbing 0.6% to 18,307.25.