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The Independent UK
The Independent UK
National
Yuri Kageyama

Japan racks up trade deficit as imports balloon due to cheap yen

Copyright 2022 The Associated Press. All rights reserved

Japan’s trade deficit in April grew nearly 8% from a year earlier as the weak yen boosted the value of imports, offsetting gains from a jump in exports, government data showed Wednesday.

Exports totaled 8.98 trillion yen ($57 billion), while imports totaled 9.4 trillion yen ($60 billion), both up 8% from the previous year, the Ministry of Finance said. The trade deficit for the month came out to 462.5 billion yen ($3 billion).

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