Tags: Japan | Trade

Japan Records Trade Deficit in January amid Growth Fears

Japan Records Trade Deficit in January amid Growth Fears

Tuesday, 18 February 2020 11:38 PM

TOKYO (AP) — Japan recorded a trade deficit for the month of January Wednesday, as exports declined amid worries about the spread of a new virus that could deaden regional economic growth.

The trade deficit for last month totaled 1.3 trillion yen ($12 billion), the Japanese Finance Ministry said in a report.

That marked the third straight month of a trade deficit for the world's third largest economy.

In October, the nation managed to eke out a trade surplus, largely because falling crude oil prices offset a drop in exports.

Both Japan's exports and imports to China fell in January, according to the ministry data. Exports and imports to the U.S. also fell for the month.

The outbreak of CODIV-19 that began late last year, halting factory production and crimping travel, has been worsening the worries about China's economy, a key driver of regional growth.

Such worries added to those set off earlier by the trade policies of President Donald Trump.

Yuri Kageyama is on Twitter https://twitter.com/yurikageyama

© Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
GlobalTalk
Japan recorded a trade deficit for the month of January Wednesday, as exports declined amid worries about the spread of a new virus that could deaden regional economic growth.The trade deficit for last month totaled 1.3 trillion yen ($12 billion), the Japanese Finance...
Japan,Trade
166
2020-38-18
Tuesday, 18 February 2020 11:38 PM
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