Japan records a trade deficit for the third straight fiscal year despite recovering exports
Release time：2024-05-21 16:52:38 Source：Worldly Watch news portal
TOKYO (AP) — Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak.
The deficit was 5.89 trillion yen ($38 billion) for the fiscal year that ended in March, according to Finance Ministry data released Wednesday.
The biggest trade deficits were in the Middle East, mainly Saudi Arabia and the United Arab Emirates, as well as Australia and Indonesia. Japan had a trade surplus with the U.S. and some European countries.
Annual exports to China slipped slightly, declining for the first time in four years, although the latest monthly data show exports to China recovering, growing 12% from the previous year.
Robert Carnell, regional head of research Asia-Pacific at ING Economics, said strong technology-related exports were behind the jump in exports to China, while noting exports were also growing to other regions.
- Previous：‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad
- Next：Yvette Fielding says her Most Haunted co
Related articles
- Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
- Zendaya displays her stylish off
- Italy bars NGO migrant rescue flights from Sicilian airport, says they interfere with coast guard
- Stock market today: Asian shares mixed after calm day on Wall St
- The government wants to buy their flood
- UK Prime Minister Sunak suffers further blow as another Conservative lawmaker defects to Labour
- California Supreme Court to weigh pulling measure making it harder to raise taxes from ballot
- Kenya declares public holiday to mourn flood victims
- Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
- Ole Miss frat boy who made shocking racist gestures towards black female pro
- Six killed in a 'foiled coup' in Congo, the army says
- Neighbour, 33, admits killing girl, 11, with poisonous gas used to kill bed bugs
- UK Prime Minister Sunak suffers further blow as another Conservative lawmaker defects to Labour
- PSG faces a difficult rebuilding task without Mbappé as the curtain falls on superstar era
- Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
- Is THIS Britain's most expensive pastry? Kensington bakery is selling super
- Advocates ask Supreme Court to back Louisiana's new mostly Black House district
- Another tennis player suspended for corruption linked to match
- Biden says Brown v. Board of Education ruling was about more than education
- Fred Sirieix cosies up to his fiancé Fruitcake who wows in a figure
Random recommendation
- Copyright © 2024 Powered by Japan records a trade deficit for the third straight fiscal year despite recovering exports ,Worldly Watch news portal sitemap