Japan posts $9.6B Aug. trade deficit; exports down - WAOW - Newsline 9, Wausau News, Weather, Sports

Japan posts $9.6B Aug. trade deficit; exports down

Posted:
TOKYO (AP) -

Japan's Finance Ministry reports a smaller-than-expected trade deficit of $9.6 billion for August, though weakening demand overseas is undermining hopes for an export-driven revival.

   The 754.1 billion yen ($9.6 billion) deficit in August was smaller than the $9.9 billion deficit reported a year earlier. Exports in August totaled 5.05 trillion yen ($64.33 billion), down 5.8 percent from a year earlier, while imports fell 5.4 percent to 5.8 trillion yen ($73.9 billion).

   The strong Japanese yen has bit into exports while demand has evaporated in crisis-stricken Europe. Meanwhile, the country's energy imports have risen following closures of most of its nuclear plants.

   Japan has eked out small trade surpluses in some months this year but reported a record annual trade deficit for the fiscal year that ended in March.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WAOW. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Chief Engineer Russ Crass at 715-842-2251. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.