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Tags: APFN | AS | Japan | Trade

Japan's Exports Recover but Reports Trade Deficit in October

Sunday, 18 November 2018 09:38 PM

TOKYO (AP) — Japan is reporting a trade deficit in October but is seeing a recovery in exports after getting slammed by natural disasters in September.

Japan's Ministry of Finance said Monday exports grew 8.2 percent from the same month the previous year.

In September, exports fell 1.2 percent from the previous year in the first decline for the world's third-largest economy since 2016.

Imports in October grew 19.9 percent on-year.

Worries are continuing over trade tensions after President Donald Trump imposed penalty tariffs on billions of dollars' worth of Chinese exports.

Weaker U.S.-China trade generally hurts the export-dependent Japanese economy. Trump has also complained about Japanese auto imports. Bilateral trade talks are expected next year.

Monday's data showed Japan racked up a trade deficit of 449 billion yen ($4 billion).

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Japan is reporting a trade deficit in October but is seeing a recovery in exports after getting slammed by natural disasters in September.Japan's Ministry of Finance said Monday exports grew 8.2 percent from the same month the previous year.In September, exports fell 1.2...
APFN,AS,Japan,Trade
130
2018-38-18
Sunday, 18 November 2018 09:38 PM
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