JAPAN May 22. 2024 (Saba) - Japan recorded a trade deficit of 462.51 billion yen (approximately $3 billion) in April, driven by rising crude oil prices and a sharp decline in the value of the local currency, the yen, which boosted the value of imports, according to the Japanese news agency Kyodo.
Kyodo reported on Wednesday that due to continued strong demand for cars, exports in April rose for the fifth consecutive month by 8.3%, reaching a record high of 8.98 trillion yen. Meanwhile, imports increased by 8.3% to 9.44 trillion yen, marking the largest increase ever recorded in April.
On the other hand, the trade surplus between Japan and the United States decreased by 13.2% to 688.45 billion yen, marking the first decline in 15 months. This decline is attributed to a 29% increase in imports, reaching 1 trillion yen.
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Kyodo reported on Wednesday that due to continued strong demand for cars, exports in April rose for the fifth consecutive month by 8.3%, reaching a record high of 8.98 trillion yen. Meanwhile, imports increased by 8.3% to 9.44 trillion yen, marking the largest increase ever recorded in April.
On the other hand, the trade surplus between Japan and the United States decreased by 13.2% to 688.45 billion yen, marking the first decline in 15 months. This decline is attributed to a 29% increase in imports, reaching 1 trillion yen.
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resource : Saba