FXstreet.com (San Francisco) - Japan recorded a Y330 billion Adjusted Merchandise Trade Balance deficit in July, up on the Y300.75 billion deficit in the previous month, the Ministry of Finance reported Wednesday; the reading fell short of this month’s consensus estimate for a Y443B deficit.
Also, imports and exports were another disappointment, with imports down 8.1% in July (+3.1 cons.) and with exports down 4.1%. Japan appears to be struggling to sell as many products as expected, fueling speculation that the domestic economy may be slowing down. Japan also recorded a Y517 billion Merchandise Trade Balance deficit in July, down on the Y61.7 billion surplus in the previous month.
Also, imports and exports were another disappointment, with imports down 8.1% in July (+3.1 cons.) and with exports down 4.1%. Japan appears to be struggling to sell as many products as expected, fueling speculation that the domestic economy may be slowing down. Japan also recorded a Y517 billion Merchandise Trade Balance deficit in July, down on the Y61.7 billion surplus in the previous month.
