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The Independent UK
The Independent UK
National
Yuri Kageyama

Japan's imports, exports balloon on energy costs, cheap yen

Copyright 2020 The Associated Press. All rights reserved.

Japan marked a trade deficit for the 14th month in a row, government data showed Thursday, with exports and imports ballooning to record highs, as the declining value of the yen added to the soaring costs of imported energy, food and other goods.

Imports totaled 10.9 trillion yen ($72.7 billion) in September, according to the Finance Ministry, up nearly 46% from the same month a year ago on the back of rising oil and gas costs.

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