China now top trader with Japan
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China overtakes the US as Japan's biggest trading partner, official figures show.
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Germany defended its rank as top global exporter last year, beating a fast growing China for possibly the last time as it posted a sharp increase in its trade surplus on Friday.
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Healthy company results and outlooks lifted Japanese shares on Tuesday and stocks elsewhere in Asia hit a record, while the yen was supported ahead of a Group of Seven meeting this weekend.
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Japan on Friday reported its fastest rise in core consumer prices in almost a decade as sky-rocketing energy costs help to lift Asia's largest economy out of years of deflation.
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Qualcomm , the world's top  mobile chip designer, said on Wednesday China recently passed  Japan to become its second largest Asian market, as it unveiled  a major tie-up with leading smartphone maker HTC .
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China has surpassed Japan to become the world's No.2 spender on research and development, behind the US.
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China's trade surplus reaches $24.97bn (Â£12.3bn) in August, hovering within a whisker of its record high set in June.
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Tokyo's Nikkei made its biggest gain in  two weeks on Wednesday after unexpectedly strong Chinese growth  data prompted investors to return to Nippon Steel Corp. and  others doing business in China.
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Japan's Nikkei rose 0.97 percent by midsession on Wednesday as a rise in the U.S. Dow Jones average to its highest close in 3    years encouraged the view that Japanese shares are undervalued compared with overseas markets.
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Japanese Prime Minister Junichiro Koizumi wooed southeast Asia on Tuesday a day after regional giant China signed a landmark deal with Asean to create an open Asian market of 1.8 billion people by 2015.
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Japan's trade surplus hits a 24-year high as exports to Asia and Europe offset a fall in sales to the US.
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With the fast growth of China&#39;s foreign trade after the WTO accession, China has entered a peak period of trade disputes with foreign countries, said officials with the Chinese Ministry of Commerce.
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PUTRAJAYA, Malaysia  - China trades fairly with the rest of the world and is pursuing a balance in its external trade, Commerce Minister Bo Xilai said on Friday.
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Asia&#39;s biggest stock exchange finished its final day of trading for the year yesterday on a high note, with stocks rallying to cap a year, during which the benchmark gained 7.6 percent on hopes Japan&#39;s economy is on a rebound.
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An index of Asian stocks outside Japan hit a record high on Tuesday, but losses by energy shares kept Toyko's Nikkei index in check, while the besieged dollar inched higher against the euro.
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Japan's Nikkei average rose 0.67 percent to its highest close in 7 years on Monday after a strong jobs report in the U.S., and higher-than-expected machinery orders in Japan spurred buying of machinery and tech stocks including Fanuc Ltd. .
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China's trade surplus soared 48% in 2007 to a record high, figures show, as its export-led boom continued.