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Marginal cut on Japan trade surplus
Japan’s Finance Ministry officially announced today that country’s customs-cleared trade surplus shrank 12.2% in November from a year earlier to 797.4 billion yen for the first fall in four months as the value of imports was inflated by high crude oil prices and exports to the United States continued to fall.
Exports rose 9.7% to 7,272.0 billion yen for the 48th straight monthly increase aided by auto exports to China, which more than offset a drop in exports to the United States, the ministry said in a preliminary report.
Imports climbed 13.2% to 6,474.6 billion yen, up for the second month in a row, and marked the second-largest level, with crude oil imports soaring 50.7% and exports of liquefied natural gas rising 36.5%.
Japan’s Finance Ministry officially announced today that country’s customs-cleared trade surplus shrank 12.2% in November from a year earlier to 797.4 billion yen for the first fall in four months as the value of imports was inflated by high crude oil prices and exports to the United States continued to fall.
Exports rose 9.7% to 7,272.0 billion yen for the 48th straight monthly increase aided by auto exports to China, which more than offset a drop in exports to the United States, the ministry said in a preliminary report.
Imports climbed 13.2% to 6,474.6 billion yen, up for the second month in a row, and marked the second-largest level, with crude oil imports soaring 50.7% and exports of liquefied natural gas rising 36.5%.