Tokyo rubber rises

TOKYO: Japanese rubber futures rose nearly 6% on Monday after official figures showed that Japan’s economy had bounced back from the coronavirus pandemic at the end of last year. The Osaka Exchange rubber contract for July delivery was up 14 yen, or 5.9%, at 252.5 yen per kg by around 0250 GMT.

Japan’s economy expanded more than expected in the fourth quarter, extending its recovery from its worst post-war recession as a rebound in overseas demand boosted exports and capital expenditure.