9/16, 1:54 AM (Source: TeleTrader)
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Japan posts ¥635 billion trade deficit in August

Japan's total merchandise trade surplus went under analysts' projections in August, landing at ¥635.4 billion, according to a report released by the country's Ministry of Finance on Thursday.

The figure marked a deterioration when compared to the ¥439.4B billion surplus recorded in July this year, also down on yearly basis in contrast with the surplus of ¥228 billion seen in August 2020.

The country's exports for the time period disappointed expectations, despite rising by 46.2% year-on-year, with imports landing above the estimated number, adding 44.7% compared to the same month last year.

Breaking the News / NL