TOKYO -Japan's exports grew unexpectedly in May on robust car sales, though the rate of expansion slowed to a crawl as inflation and rising interest rates bit into global demand, highlighting a patchy recovery in the world's third-largest economy. While the country's hotels, restaurants and other service sector companies have seen a boom in business since COVID curbs were eased, its factories have been struggling amid weakening demand for cyclical items such as chip-making machines. Ministry of Finance data showed on Thursday that exports rose 0.

https://business.inquirer.net/405466/japan-exports-grow-unexpectedly-on-solid-car-sales-global-demand-still-uneven

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