Japan posts 668-billion-yen trade deficit in February

Tokyo-- Japan posted a merchandise trade deficit of 668.3 billion yen (5.6 billion dollars) in February, the Ministry of

Finance said on Wednesday, dpa reported.

The figures marked Japan's seventh month in a row of trade deficits. They also missed expectations for a deficit of 112.6 billion yen.

Exports climbed 19.1 per cent on year to 7.190 trillion yen, shy of forecasts for an increase of 21 per cent but still up from the 9.6 per cent gain in the previous month.

Imports rose by 34 per cent year on year, compared to expectations for an increase of 28 per cent following a 38.7 percent increase a month earlier, revised down from an original 39.6 percent.

Source: Saudi Press Agency

MENU

CATEGORIES