Japan's trade deficit at ¥621.8B in July - Breaking The News

Japan's trade deficit at ¥621.8B in July

20 August

1 min read

EPA-EFE/KIMIMASA MAYAMA

Japan's total merchandise trade deficit landed at ¥621.8 billion in July, the country's Finance Ministry said in its report published on Wednesday. The reading proved to be weaker than expected.

According to the report, the new figure is a 914% increase over last year's figure of ¥61 billion. In addition, exports rose 10.3% year-on-year slightly lower than analysts predicted, while imports advanced 16.6% annually, beating expectations.

trade balance data

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