Japan’s exports increased in October for the eighth consecutive month, driven by demand for mineral fuels, steel and semiconductor related products in key overseas markets, Ministry of Finance data showed Wednesday.
Exports rose 9.4% compared with the same period a year earlier, easing from September’s 13% increase. The result was weaker than the 11.5% increase tipped by a FactSet survey of economists.
Asia-bound shipments jumped 15%, leading the growth mainly due to demand for steel and semiconductor related products.
Exports to Europe in October increased 12.1% from a year earlier due to growing demand for steel.
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