This despite the fact global demand is shrinking due to the East Asian economic crisis.
But will it be enough, given that domestic demand for electronics is shrinking fast and foreign rivals are taking market share elsewhere?
Its sales may be enjoying a multi-year boost as emerging market smokers trade up from cheaper local competitors to premium Western cigarettes, but worldwide demand for their products is shrinking, and fast.
That is because they are seeing their incomes rise in real terms and there is strong demand for workers in a shrinking labour pool.
BBC: Viewpoint: Why 8% may not be the magic number for China
By contrast, conditions in Japan's defense industry remain bleak: The industry is shrinking rapidly because of decreased domestic demand, and the situation is unlikely to improve as long as Japan's self-imposed Cold War-era arms export ban remains.
This trend is hindering Japan's long-time strategy of relying heavily on exports to drive growth and adding to pressure to find fresh momentum through stronger domestic demand at a time when the workforce is aging and shrinking and corporate investment remains feeble.
And meanwhile, far from shrinking, the demand for low-skilled labor is growing over time.
The central problem for Corus today is a lack of customers in the UK - fewer ships are being built, the car industry is shrinking, and the loss of these huge customers leaves very little demand for British steel.
And third, demand for steel has stopped shrinking, and in the most crucial part of the market is even beginning to grow: Detroit is making more cars.
ECONOMIST: Things are looking up, but tariffs are not the main reason
Nobody is yet suggesting America is suffering from deflation, which can trigger a downward spiral of falling prices, shrinking demand and financial distress: a vicious circle America last experienced in the 1930s depression.
Buyouts are shrinking the pool of stocks, yes, and meanwhile the global liquidity glut is feeding demand for stocks.
Deflation is dangerous, on the other hand, when it reflects a sharp slump in demand, excess capacity and a shrinking money supply as in the early 1930s.
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