Japan's trade deficit widened sharply in April, as export growth was
tepid while imports surged, according to Finance Ministry data released
Wednesday. The trade gap grew to 880 billion yen ($8.6 billion) from
March's ¥364 billion deficit, as exports rose just 3.8% from a year
earlier. Exports to China managed to creep 0.3% higher, but shipments to
the U.S. spiked 14.8%. European Union-bound exports fell 3.5%. The yen
weakened slightly after the data, as the dollar rose to ¥102.43 from
¥102.35 just before the release, with the moves coming ahead of a Bank
of Japan policy decision due later in the day.
Source by Commodity Insights
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