Japan Trade Deficit Narrows in April
Japan's trade gap dropped to ¥808.9 billion in April of 2014, down from a revised ¥1446 billion shortfall in the previous month as exports rose faster than expected and imports growth slowed.
Japan's exports rose 5.1 percent from a year earlier to ¥6069 billion. Shipments to biggest trading partners China and United States increased 9.8 percent and 1.9 percent respectively. Exports to Western Europe grew 14.4 percent.
Imports rose 3.4 percent from a year earlier to ¥6878 billion, slowing sharply from an 18.1 percent gain in March as consumer spending slowed after the first sales-tax increase in 17 years and the volume of crude oil shipments fell 15.4 percent.
5/21/2014 1:23:06 AM