Dow Jones Newswires: Japan’s exports rise in May on robust demand

By June 16, 202268 views

By Yang Jie

Japan’s exports increased in May for the 15th consecutive month, driven by robust overseas demand for steel and mineral fuels, Ministry of Finance data showed Thursday.

Exports rose 15.8% in May from a year earlier, which was stronger than the 13.2% increase expected by economists surveyed by FactSet. Exports rose 12.5% in April.

Meanwhile, China-bound shipments fell for the second straight month in May, declining 0.2%, as lockdowns to contain the spread of Coronavirus cases in major cities such as Beijing and Shanghai dented economic activities.

Write to Yang Jie at jie.yang@wsj.com