Japanese Trade Deficit Widens in August


In August, Japan's trade deficit increased to 960 billion yen, up from 768 billion in the same month of the previous year, reaching 14 straight months on deficit. Exports increased 14.7 percent on the year while imports were up 16.0 percent.

Japanese exports rose 14.7 percent yoy, to 5784 billion yen, the fastest pace in three years helped by weaker yen. Exports to China were up 13.5 percent after 9.1 percent in June. Shipments to the United States quickened to 20.2 percent, up from the previous month's 18.6 percent rise. Sales to the European Union rose 21.3 percent following an increase of 16.6 percent a month earlier.

Japanese imports increased 16.0 percent yoy to 6744 billion yen, up for a 10th consecutive month due to higher oil prices combined with Japan's increasing fossil fuels purchases. 

Japanese Trade Deficit Widens in August


Nuno Fontes | nuno@tradingeconomics.com
9/19/2013 8:57:03 AM