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The Independent UK
The Independent UK
National
Yuri Kageyama

Japan records a trade deficit in August as exports to China, rest of Asia weaken

Copyright 2022 The Associated Press. All rights reserved.

Japan’s exports fell 0.8% last month from a year earlier, with steep declines in shipments to China and the rest of Asia, its largest regional market.

Imports sank nearly 18%, the Japanese Finance Ministry said in preliminary data released Wednesday. That left a trade deficit of 930.5 billion yen ($6.3 billion) in August, for the second straight month of red ink, it said.

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