Arab Today, arab today japan\s trade deficit narrows on slower imports
Last Updated : GMT 11:42:17
Arab Today, arab today
Arab Today, arab today

Japan\'s trade deficit narrows on slower imports

Arab Today, arab today

Arab Today, arab today Japan\'s trade deficit narrows on slower imports

Tokyo - SPA

Japan's trade deficit narrowed in April after the yen strengthened and a sales tax hike dampened demand for imports of consumer goods, AP reported. Costs for imports of oil and gas that account for about a third of the country's imports moderated, reflecting a rise in the yen after a year of decline and decreases in shipments of some fuels. The 808.9 billion yen ($8 billion) deficit in April, according to preliminary figures released Wednesday by the Ministry of Finance, compared with a gap of 877.4 billion yen a year earlier and with a 1.7 trillion yen deficit in March. Japan's exports are improving as the economy emerges from a protracted slump and recoveries gain momentum overseas, but Japanese manufacturers have shifted a large share of their production offshore to cut costs, avoid trade barriers and be closer to fast growing emerging markets.

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