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Japan October Trade Deficit Y549.0 Billion

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 RTTNews Staff Writer

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