Global Market | Japan exports extend growth streak, but oil price risks cloud outlook

Synopsis Japan’s exports saw a robust 4.2% year-on-year rise in February, defying expectations and signaling continued global demand. Despite a dip in shipments to the US and China, regional Asian markets showed resilience. However, surging energy costs due to Middle East tensions pose a significant risk, potentially impacting inflation and the nation’s trade balance. Japan’s exports expanded for a sixth consecutive month in February, reflecting resilient global demand despite growing concerns over rising energy costs linked to geopolitical tensions in the Middle East. Data released on Wednesday showed that total exports by value rose 4.2 percent year-on-year, outperforming market expectations…