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Dow Jones Newswires: Japan’s exports grow for 11th consecutive month in January – Vested Daily

Dow Jones Newswires: Japan’s exports grow for 11th consecutive month in January

February 16, 2022

Japan’s exports increased in January for the 11th consecutive month, driven by robust overseas demand for steel and mineral fuels, Ministry of Finance data showed Thursday.

Exports rose 9.6% from a year earlier in January. That compared with December’s 17.5% increase and was weaker than the 16.5% increase expected by economists surveyed by data provider FactSet.

Exports to Europe and the U.S. led the growth, increasing by 16.1% and 11.5% respectively, mainly due to the strong demand for steel and semiconductor manufacturing equipment.

Japan posted the first decline in exports to China in 19 months, with a drop of 5.4%.

This post was originally published on Market Watch