Date
18 October 2017
Japan's exports in June were down 2 percent on a year earlier while imports were up 8.4 percent. Photo: Bloomberg
Japan's exports in June were down 2 percent on a year earlier while imports were up 8.4 percent. Photo: Bloomberg

Japan trade deficit expands as exports fall

An unexpected fall in exports in June opened up a bigger-than-forecast trade deficit for Japan, with exports shrinking 2 percent from a year earlier and imports rising 8.4 percent, Bloomberg reported Thursday.

The deficit amounted to 822.2 billion yen (US$8.1 billion), above the 643 billion yen median estimate in a Bloomberg News survey of 32 economists, the report said.

The government has trimmed its growth forecast for the year to March 2015 from 1.4 percent to 1.2 percent, due to weak foreign demand and a fall in consumption after a sales-tax rise in April, it said.

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