Japan saw a merchandise trade deficit of 520.27 billion yen in April, the Ministry of Finance said on Wednesday - missing forecasts for a shortfall of 470.8 billion yen following the downwardly revised deficit of 84.5 billion yen in March.
Exports were up 7.9 percent on year, below expectations for an increase of 11.8 percent following the 5.9 percent increase in the previous month.
Imports added an annual 8.0 percent versus forecasts for a gain of 10.1 percent but down from the revised 10.6 percent a month earlier.
The adjusted trade deficit came in at 480.2 billion yen, topping forecasts for a shortfall of 617.2 billion yen following the revised 616.6 billion yen deficit in March.
by RTT Staff Writer
For comments and feedback: email@example.com