Japanese Trade Deficit Narrows in May
Japan trade balance came to a deficit of 181 billion yen in June. Exports increased 7.4 percent on year while imports surged 11.8 percent.
In June, Japanese exports rose 7.4 percent yoy to 6061 billion yen, up for a fourth straight month but less than expected. Exports to China rose 4.8 percent after 8.3 percent gain in May. Shipments to the United States grew 14.6 percent, easing from the previous month's 16.3 percent rise. Exports to the European Union rose 8.6 percent after falling 4.9 percent a month earlier.
Japanese imports increased 11.8 percent yoy to 6242 billion yen, up for an eight consecutive month as yen depreciation is making foreign products more expansive.
7/24/2013 1:34:28 AM