Japan Has Y2,027.4 Billion Trade Deficit In November
(RTTNews) - Japan posted a merchandise trade deficit of 2,027.4 billion yen in November, the Ministry of Finance said on Thursday.
That missed forecasts for a shortfall of 1,680.3 billion yen following the downwardly revised 2,166.2 billion yen deficit in October (originally -2,162.3 billion yen).
Exports jumped 20.0 percent on year to 8.837 trillion yen - beating expectations for a gain of 19.8 percent and slowing from 25.3 percent in the previous month.
Imports spiked an annual 30.3 percent to 10.864 trillion yen versus expectations for an increase of 27.0 percent following the 53.5 percent surge a month earlier.
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