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Financial News: Japan Trade Deficit Balloons To Y930.401 Billion In

Japan Trade Deficit Balloons To Y930.401 Billion In April

05/20/2020 - 20:17:00 (RTTNews)

(RTTNews) - Japan posted a merchandise trade deficit of 930.401 billion yen in April, the Ministry of Finance said on Thursday.

That missed expectations for a shortfall of 560 billion yen following the 4.9 billion yen surplus in March.

Exports plummeted 21.9 percent on year, which actually beat expectations for a fall of 22.7 percent following the 11.7 percent decline in the previous month.

Imports were down an annual 7.2 percent versus expectations for a drop of 12.9 percent after slipping 5.0 percent a month earlier.

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