JAPAN’S exports grew in May at the fastest rate in four months. The main increases in export shipments were for cars, car parts, and semiconductor equipment, a sign that global demand is gaining strength.
Exports rose 8.1 per cent in May compared with the same period a year ago. In April, exports grew an annual 7.8 per cent.
Exports are considered likely to continue to grow, thanks to increased demand for manufacturing equipment, cars and car parts, but as Japan has a trade surplus with the United States it may be a potential target for US President Donald Trump’s protectionist policies.