Tags: AS | Japan | Trade

Japan Logs Trade Deficit in January, as Imports Jump 8 Pct

Monday, 19 February 2018 01:38 AM

TOKYO (AP) — Japan has reported a trade deficit for January, its first in eight months, mainly due to seasonal factors.

Customs data released Monday showed imports rose 8 percent from a year earlier to 7.03 trillion yen ($66 billion). Exports jumped 12 percent to 6.09 trillion yen ($57.1 billion), leaving a deficit of 943.4 billion yen ($8.8 billion).

Exports to China jumped 30 percent from a year earlier.

Japan's trade surplus with the U.S., its largest export market, fell 12 percent as exports edged higher while imports surged 9 percent.

Shipments of machinery and vehicles accounted for the fastest growth in exports, while higher costs for oil and natural gas pushed imports higher.

Economists attributed the switch to a global deficit mainly to the end of year and New Year holidays.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
GlobalTalk
Japan has reported a trade deficit for January, its first in eight months, mainly due to seasonal factors.Customs data released Monday showed imports rose 8 percent from a year earlier to 7.03 trillion yen ($66 billion). Exports jumped 12 percent to 6.09 trillion yen ($57.1...
AS,Japan,Trade
131
2018-38-19
Monday, 19 February 2018 01:38 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved