Reported 2 months ago
Japan has recorded a trade deficit for the fourth consecutive month in October, reaching 461 billion yen ($3 billion), primarily due to a weak yen and rising energy prices. While exports increased by 3.1% compared to the previous year, imports rose by 0.4%, leading to the deficit. Concerns over potential U.S. tariff hikes following Donald Trump's reelection add to the uncertainties in trade, as Japan's economy, heavily reliant on exports, faces challenges from inflation and slowing global demand.
Source: YAHOO