Japan’s trade deficit decreased to JPY 695.30 billion in August 2024 from JPY 940.10 billion in the same month a year earlier, but it was still above market expectations of a JPY 1,380 billion shortfall.

Japan has posted a trade deficit for a second straight month, as both exports and imports were lower than expected

Japan experienced a trade deficit for the second consecutive month in August, with a total of 695 billion yen. While exports increased by 5.6%, imports grew by 2.3%, with the strongest growth seen in pharmaceuticals from Europe.

As a result, the trade balance stood at a deficit of 695.3 billion yen ($4.90 billion), compared with the forecast of a deficit of 1.38 trillion yen. A rise in personal consumption helped Japan's economy rebound strongly in the second quarter from a slump ...

Japan posted a 695.3 billion yen ($4.9 billion) trade deficit in August as a weak yen inflated the value of imports, even though exports expanded to a record for the month, government data showed WednesdJapan posted a 695.

Japan's export growth slowed sharply in August as shipments to the U.S. dropped for the first time in three years, while machinery orders unexpectedly shrank in July in a worrying sign for an economy struggling to mount a solid recovery.

Japanese exports rose at a slower-than-expected pace in August, adding to concerns about the outlook for the global economy.