Japan has reported a trade deficit for the third consecutive fiscal year, amounting to 5.89 trillion yen ($38 billion) for the fiscal year ending in March. This deficit was primarily driven by the increasing costs of energy and other imports, coupled with the persistent weakness of the yen.
The largest trade deficits were observed in the Middle East, particularly with countries like Saudi Arabia and the United Arab Emirates, as well as with Australia and Indonesia. However, Japan maintained a trade surplus with the United States and certain European nations.
