Japan Has Y461.2 Billion Trade Shortfall
(RTTNews) - Japan posted a merchandise trade deficit of 461,2 billion yen in October, the Ministry of Finance said on Wednesday.
That missed forecasts for a shortfall of 360.4 billion yen following the upwardly revised 294.1 billion yen deficit in September.
Exports were up 3.1 percent on year at 9.426 trillion yen - exceeding expectations for an increase of 2.2 percent following the 1.7 percent decline in the previous month.
Imports rose an annual 0.4 percent to 9.887 trillion yen versus forecasts for a decline of 0.3 percent following the 1.8 percent increase a month earlier.
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Japan Services PMI Falls To 49.7 In October - Jibun
The services sector in Japan fell into contraction territory in October, the latest survey from Jibun Bank revealed on Wednesday with a services PMI of 49.7.
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