Asian Economic News

Japan Has Y993.9 Billion Deficit In May

Japan saw a merchandise trade deficit of 993.916 billion yen in May, the Ministry of Finance said on Wednesday.

That beat forecasts for a shortfall of 1.22 trillion yen following the downwardly revised deficit of 881.9 billion yen (originally 879.9 trillion yen).

Exports surged 10.1 percent on year, topping forecasts for a gain of 6.4 percent after adding 3.8 percent in April.

Imports climbed an annual 10.0 percent versus expectations for 11.0 percent after gaining a revised 9.5 percent in the previous month (originally 9.4 percent).

by RTTNews Staff Writer

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