Japan's exports rose for a ninth consecutive month in May, supported by a weaker yen, elevated commodity prices and strong demand for semiconductors, even as disruptions linked to the conflict involving the United States, Israel and Iran weighed on global trade flows, according to government data reported by Reuters.
Exports by value increased 17% year-on-year in May, exceeding market expectations of a 16.2% rise and accelerating from April's 14.8% growth. However, export volumes grew by just 0.5%, indicating that much of the increase was driven by price effects rather than stronger underlying demand, Reuters reported.
