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Financial News: Japan Has Y412.4 Billion Trade Deficit In March

Japan Has Y412.4 Billion Trade Deficit In March

04/19/2022 - 20:05:00 (RTTNews)

(RTTNews) - Japan posted a merchandise trade deficit of 412.4 billion yen in March, the Ministry of Finance said on Wednesday

That missed expectations for a shortfall of 100.8 billion yen following the downwardly revised 669.7 billion yen in February (originally -668.3 billion yen).

Exports were up 14.7 percent on year - shy of expectations for an increase of 17.5 percent and down from 19.1 percent in the previous month.

Imports jumped an annual 31.2 percent versus forecasts for a gain of 28.9 percent and down from an upwardly revised 34.1 percent spike a month earlier (originally 34.0 percent).

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