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- Japan's trade deficit narrows to ¥114.5 billion in September
Japan's trade deficit narrows to ¥114.5 billion in September
The Ministry of Finance released its trade data for Japan on the late Tuesday evening. Japan's trade deficit narrowed to ¥114.5 billion in September from a deficit of ¥569.6 billion in August. Analysts had expected a surplus of ¥84.0 billion.
The adjusted trade deficit was ¥355.7 billion in September, down from a deficit of ¥373.5 billion in August. August's figure was revised down from a deficit of ¥358.8 billion.
Exports rose 0.6% year-on-year in September, while imports dropped 11.1% year-on-year.
Exports to Asia decreased by 0.9% year-on-year, exports to the United States increased by 10.4%, exports to China dropped by 3.5%, while exports to the European Union were up 5.1%.
Imports from Asia fell 1.0% year-on-year, imports from the United States declined 0.1%, and imports from China gained 0.9%, while imports from the European Union slid 3.5%.
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