Japan’s ¥1.1tn Trade Deficit Exposes the Price Behind the Import Surge

Japan’s trade deficit widened from ¥294.1bn a year earlier to ¥1.106tn in August, exceeding the market forecast of approximately ¥1.053tn. Export growth slowed from 23.2% in July to 19.3% year on year, but remained above the 18.2% consensus. Imports accelerated from 27.9% to 28.0%, also surpassing expectations of 26.3%. The deterioration therefore reflected imports growing […]

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