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Japan Trade Deficit Y569.659 Billion In August

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Japan posted a merchandise trade deficit of 569.659 billion yen in August, the Ministry of Finance said on Thursday.

That missed forecasts for a shortfall of 542.5 billion yen following the 268.4 billion yen deficit in July.

Exports gained 3.1 percent on year, shy of forecasts for an increase of 4.4 percent and down from the 7.6 percent jump in the previous month.

Exports to all of Asia added 1.1 percent on year to 3.233 trillion yen, while exports to China alone slipped an annual 4.6 percent to 1.064 trillion yen.

Exports to the United States climbed 11.1 percent on year to 1.135 trillion yen, while exports to the European Union eased an annual 0.2 percent to 595.013 billion yen.

Imports dipped an annual 3.1 percent versus expectations for a fall of 2.5 percent following the 3.2 percent contraction a month earlier.

Imports from all of Asia added 7.4 percent on year to 3.046 trillion yen, while imports from China alone advanced an annual 14.6 percent to 1.549 trillion yen.

Imports from the United States gained 5.4 percent on year to 672.182 billion yen, while imports from the European Union surged an annual 21.8 percent to 768.490 billion yen.

The adjusted trade balance showed a deficit of 358.8 billion yen following the downwardly revised 375.1 billion yen shortfall in July (originally -368.8 billion yen).

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