Japan's Exports Plunge, Trade Deficit Widens More Than Expected

japan fish tuna marketTuna auction in Japan

Photo: michaelvito / Flickr

Japan’s latest trade numbers are out.The trade deficit came in at ¥641.5 billion, which was wider than the ¥522.8 billion forecast by economists.

Exports fell by 5.8 per cent year-over-year versus the estimate of -4.2 per cent.

Exports to China fell 15.8 per cent.

Exports to the EU fell 11.1 per cent.

Export to the US fell 0.8 per cent.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.