Dow Jones Newswires: Japan logs trade deficit in March for 20th straight month

by | Apr 19, 2023 | Stock Market

Japan posted a trade deficit for a 20th consecutive month in March, reflecting the effects of a weak yen and high energy prices. The country’s trade deficit hit Y754.5 billion ($5.60 billion) in March, compared with a Y897.7 billion deficit in February, according to data released by the Ministry of Finance on Thursday. Imports rose 7.3% from a year earlier.

Exports rose 4.3% in March from a year earlier, weaker than February’s 6.5% increase. The rise in exports was, however, stronger than the 2.4% increase forecast by economists surveyed by data provider FactSet. Exports were mainly driven by overseas demand for autos and semiconductor manufacturing equipment.

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