Japanese trade deficit widened to 2.79 trillion yen in January of 2014 from 1.6 trillion yen reported in the same month of 2013. Imports surged 25 percent while exports grew only 9.5 percent.
Exports by value rose 9.5 percent to 5.25 trillion yen. Shipments to China increased by 13.1 percent, to the United States by 21.9 percent and to Western Europe by 18.5 percent. By volume, shipments fell 0.2 percent, the first decline in four months.
Imports rose 25.0 percent year-on-year to 8.04 trillion yen as a weak yen continued to boost import costs. Inward shipments of crude oil rose 28.1 percent and imports of liquefied natural gas increased 21.4 percent.
2/20/2014 12:27:21 AM