Japan's trade deficit rose to a record in the first six months of the year.
That was as fuel prices remained high due to Russia's invasion of Ukraine and the weaker yen made imports more expensive.
Preliminary trade data released by the Finance Ministry show a deficit of nearly 8 trillion yen for the January-to-June period.
That's equal to about 57 billion dollars and is the highest half-year number since officials started keeping comparable data back in 1979.
Imports surged 38 percent on the year to 390 billion dollars, outpacing a 15-percent increase in exports.
The ministry said the trade deficit in June was 1.3 trillion yen, or roughly 10 billion dollars.
Japan's trade account has stayed in the red for 11 straight months.
That was as fuel prices remained high due to Russia's invasion of Ukraine and the weaker yen made imports more expensive.
Preliminary trade data released by the Finance Ministry show a deficit of nearly 8 trillion yen for the January-to-June period.
That's equal to about 57 billion dollars and is the highest half-year number since officials started keeping comparable data back in 1979.
Imports surged 38 percent on the year to 390 billion dollars, outpacing a 15-percent increase in exports.
The ministry said the trade deficit in June was 1.3 trillion yen, or roughly 10 billion dollars.
Japan's trade account has stayed in the red for 11 straight months.
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Summary
Japan's trade deficit reached a record high in the first half of the year, amounting to nearly 8 trillion yen (57 billion USD), according to preliminary data from the Finance Ministry. This is the highest half-year deficit since comparable records began in 1979. The surge in imports (390 billion
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ID: 62d8d5b6-9eac-4b6f-8767-1f3dc0a80b98
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20220721_16/
Date: July 21, 2022
Created: 2022/07/21 13:27
Updated: 2025/12/09 14:51
Last Read: 2022/07/21 13:27