Japan logged trade deficit in December as exports dropped 3.8 percent
|Japan posted a bigger-than-expected trade deficit for December as the weakening of demand conditions in the global economy likely weighed over exports.
The deficit came in at JPY 55 trillion, beating the estimated figure of JPY 29.5 billion. Exports dropped 3.8 percent year-on-year, following a 0.1 percent gain in November. Meanwhile, imports rose 1.9 percent, having registered growth of 12.5 percent in November.
Notably, exports to the US jumped 1.6 percent in annualized terms, while those to China and Asia tanked 7 percent and 6.9 percent, respectively.
A bigger-than-expected trade deficit is bad news for the Japanese yen.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.