Japan records a $4.3bn trade deficit in July due to 17% import increase and weak yen.

Japan reported a trade deficit of $4.3 billion in July due to rising import prices, with imports increasing by nearly 17% to $70.6 billion and exports rising by 10% to $66 billion. This is the sixth consecutive fiscal half-year with a trade deficit, as the weak yen and inflationary trends contribute to higher import prices. Japan's economy, however, showed signs of recovery with exports growing in plastic, paper products, computer parts, and technology.

August 21, 2024
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