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Japan Trade Deficit Y82.55 Billion In March

Japan saw a merchandise trade deficit of 82.55 billion yen in March, the Ministry of Finance said on Thursday - beating forecast for a shortfall of 223.2 billion yen following the 29.4 billion yen surplus in February.

Exports were up 5.9 percent on year, also blowing past expectations for an increase of 0.2 percent following the 2.7 percent contraction in the previous month.

Imports climbed an annual 10.5 percent versus forecasts for a gain of 7.0 percent after rising 9.2 percent a month earlier.

The adjusted trade deficit was 621.3 billion yen - missing expectations for a shortfall of 446.3 billion yen after showing a deficit of 313.2 billion yen in February.

by RTT Staff Writer

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