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Global Market | Japan exports extend growth streak, but oil price risks cloud outlook

News Snapshot:

Japan’s exports expanded for a sixth consecutive month in February, reflecting resilient global demand despite growing concerns over rising energy costs linked to geopolitical tensions in the Middle East.Data released on Wednesday showed that total exports by value rose 4.2 percent year-on-year, outperforming market expectations of a 1.6 percent increase. The stronger-than-anticipated growth highlights continued external demand support for the world’s fourth-largest economy, as per a report by Reuters.However, recent trade figures have been influenced by seasonal distortions. The timing of China’s Lunar New Year, which fell later than usual this year, led to a surge in shipments in January…

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