May 30, 2024
Japan’s trade deficit increased to JPY 462,50 billion in April 2024 from JPY 429,79 billion in the same month of the prior year, more than market estimates of a JPY 339.5 billion shortfall. Exports grew by 8.3% yoy, the fifth straight month of growth but less than forecasts of an 11.1% jump, to JPY 8,980.75 billion, largely supported by continued shipments to main trading partners, notably the US and China. Imports also expanded 8.3%, the strongest growth in 14 months to a four-month peak of JPY 9,443.26 billion, a reversal from a revised 5.1% drop in March, due to higher purchases of mineral fuels
Source: Trading Economics
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
