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Japan's trade deficit widens amid rising import costs


Tokyo, SANA- The Japanese trade deficit rose with the increase in the costs of global goods imports to a record level, which increased


Japan's trade deficit widened as the cost of global goods imports rose to a record high, raising concerns about the rising cost of living.

And Reuters news agency quoted Finance Ministry data as saying today that Japan's exports rose by 12.5 percent last April, compared to the same period last year, led by car shipments to the United States.

Imports also rose by 28.2% from the beginning of this year until the end of April, as the weak yen helped boost the high global commodity prices, which resulted in a trade deficit of 839.2 billion yen, equivalent to 6.54 billion dollars.

Analysts have warned of the risks of inflation resulting from rising costs to the fragile economy with the rise in the import bill due to external factors rather than domestic demand.

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Source: sena

All business articles on 2022-05-19

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