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Japan's May exports rise fastest in over two years, set to sustain growth

Reuters  |  TOKYO 

By Stanley WhiteTOKYO (Reuters) - Japan's exports surged in May by the fastest in more than two years on higher shipments of cars and steel, an encouraging sign that robust global demand will help keep the country's modest economic recovery on track.The 14.9 percent annual increase in exports in May was the biggest rise since January 2015 and nearly twice the pace seen in April, though it was below analysts' expectations of 16.1 percent.Japan's imports rose more than expected in May, partly due to increasing demand for intermediate goods companies need to manufacture their products. Exports ...

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First Published: Mon, June 19 2017. 09:26 IST