Japan’s exports and imports grow as yen weakens
japanese yen
Japan recorded a trade deficit in June, according to government data released yesterday, as the higher price of oil imports helped cause the second straight month of red ink.
Japan ’s trade deficit totaled 406.9 billion yen ($2.5 billion) in June, the Finance Ministry reported, a reversal from the 122 billion yen surplus recorded a year ago.
Japan’s exports rose 19 percent from a year ago to 10.9 trillion yen, growing at a brisk pace including semiconductor shipments. Japan’s exports grew to various nations, including the U.S. and China. Imports gained 25 percent to 11.3 trillion yen.
