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.

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