Japan saw a merchandise trade deficit of 549.0 billion yen in October, the Ministry of Finance said on Wednesday, reflecting the results of slowing exports to China in a territorial island dispute.
That was well shy of forecasts for a shortfall of 360.0 billion yen following the downwardly revised deficit of 561.7 billion yen in September (originally 558.55 billion yen).
Exports were down 6.5 percent on year, missing expectations for a contraction of 4.9 percent after plummeting 10.3 percent in the previous month.
Imports fell 1.6 percent versus forecasts for a decline of 3.2 percent after rising 4.1 percent a month earlier.
by RTT Staff Writer
For comments and feedback: email@example.com
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.