Japan Logs Trade Deficit of 78.7 B. Yen in July
![](https://japannews.yomiuri.co.jp/wp-content/uploads/2023/08/2009-09-01T120000Z_343869657_GF2E591089M01_RTRMADP_3_JAPAN.jpg)
Cargo containers are stacked up at a port area in Tokyo.
12:32 JST, August 17, 2023
Tokyo, Aug. 17 (Jiji Press)—Japan logged a customs-cleared trade deficit of ¥78.7 billion in July, reflecting the first year-on-year drop in exports in about two and a half years, the Ministry of Finance said Thursday.
The first red ink in two months came against the median forecast of ¥35.6 billion in surplus among the 17 research institutes surveyed by Jiji Press.
Exports fell 0.3 pct to ¥8,725 billion, declining for the first time since February 2021. While shipments of automobiles were brisk, semiconductor manufacturing equipment exports slumped.
Imports sagged 13.5 pct to ¥8,803.7 billion.
In trade with the United States, Japan posted a surplus of ¥845.9 billion.
Japan logged a deficit of ¥359.2 billion in trade with China.
"Business" POPULAR ARTICLE
-
Aviation Fuel Shortage Causes Problems at Regional Airports; Growing Demand, Lack of Workers to Transport
-
Prices of over 10,000 Food and Beverage Items to Rise This Year; Figure is down from over 30,000 Last Year
-
Sony Group to End Production of Blu-ray Discs; Market Has Shrunk Due To Growth Of Hard Disk Drives, Streaming
-
AI-Equipped Energy Efficient Air Conditioners Grow In Popularity; Some Can Guess Users’ Moods, Automatically Adjust Temperature
-
Toyota to Introduce 4-Day Workweek for Some Employees; Company Hopes More Flexible Schedules Will Boost Worker Motivation
JN ACCESS RANKING