February 3, 2023

Bobbys Brane

Bobbys Brane – Business & Tech Blog

Japan logs trade deficit again in Dec as imports outpace exports -MOF By Reuters

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© Reuters. FILE PHOTO: A laborer works in a container area at a port in Tokyo, Japan July 19, 2017. Picture taken July 19, 2017. REUTERS/Toru Hanai

TOKYO (Reuters) – Japan’s exports rose 11.5% in December from a year earlier while imports grew 20.6%, resulting in a trade deficit worth 1.45 trillion yen ($11.27 billion), Ministry of Finance data showed on Thursday.

The rises in shipments and imports compared with 10.1% and 22.4% year-on-year gains respectively expected by economists in a Reuters poll. The trade deficit compared with economists’ median estimates for 1.65 trillion yen.

For the whole of 2022, Japan logged a trade deficit of 19.971 trillion yen, the biggest amount on record going back to 1979.

To view full tables, go to the MOF website:

($1 = 128.6100 yen)