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Dow Jones Newswires: Japan’s exports notched 14th straight month of growth in April


Japan’s exports increased for the 14th consecutive month in April, driven by robust overseas demand for steel and mineral fuels, Ministry of Finance data showed Thursday.

Exports rose 12.5% from a year earlier in April. That compared with March’s 14.7% increase and was weaker than the 13.9% increase expected by economists surveyed by data provider FactSet.

Exports to Europe and the U.S. led the growth, increasing by 19.1% and 17.6% respectively, mainly due to the strong demand for steel, auto and semiconductor manufacturing equipment.

Japan posted a 5.9% drop in exports to China.

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