Dow Jones Newswires: Japan’s exports grow for 13th consecutive month in March


Japan’s exports increased in March for the 13th consecutive month, driven by robust demand for steel and semiconductor manufacturing equipment, Ministry of Finance data showed Wednesday.

Exports rose 14.7% from a year earlier in March. That compared with February’s 19.1% increase and was weaker than the 18% increase expected by economists surveyed by data provider FactSet.

Exports to the U.S. and EU led the growth, increasing by 23.8% and 16.8%, respectively, mainly due to the strong demand for pharmaceuticals, auto parts and semiconductor manufacturing equipment.

The growth of exports to China weakened to 2.9% from February’s 25.8%.

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