Dow Jones Newswires: Japan’s exports jump 19.4% in June; 16th straight month of gains

by | Jul 20, 2022 | Stock Market

Japan’s exports rose for the 16th consecutive month in June, driven by robust overseas demand for steel and mineral fuels, Ministry of Finance data showed Thursday. Exports rose 19.4% in June. That compared with May’s 15.8% increase and was higher than the 16% increase forecast by economists surveyed by data provider FactSet.

Exports to Europe and Asia led the growth, increasing by 22.1% and 19.1% respectively, mainly due to the strong demand for steel, mineral fuels and semiconductor related products. The country’s exports to China also rebounded to a growth of 8.3% after declining by 0.2% in May.

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