Japan’s exports expanded for a ninth consecutive month in May, underscoring the resilience of the country’s trade sector despite supply chain disruptions and higher energy costs stemming from the recent conflict in West Asia. Data released by Japan’s Ministry of Finance on Wednesday showed exports by value climbed 17 per cent year-on-year in May, exceeding a median market forecast of 16.2 per cent growth. The increase also marked an acceleration from April’s 14.8 per cent rise. The stronger-than-expected performance was driven largely by sustained global demand for semiconductor-related products, including chip-making equipment and electronic components, as investments in artificial intelligence…
News Timeline:
Track the development of this news story across the Internet.