Apr 3
Japanese Trade Balance 474.6 Billion Deficit in May Yen
Monday, 20 June 2011 05:21

japan-export-importJapan's Finance Ministry today (20 / 6) announced that Japan posted a trade deficit of 853.7 billion yen in May. As such, it has been two consecutive months, Japan's trade balance deficit as a result of the earthquake and tsunami on 11 March.

Digit deficit in May is larger than that predicted by economists. Following a deficit of 464.8 billion yen (after revision) in April, economists estimate the deficit in May only for 710.1 billion yen.

Detailed data showed exports fell 10.3 percent, lower than the 8.4 percent drop forecast by economists. In the previous month, exports fell 12.4 percent recorded (after revision).

Imports, meanwhile, jumped 12.3 percent, higher than expectations and the data rate the previous month.

Japan's balance of trade balance after adjustment showed a deficit of 474.6 billion yen for the month of May, compared to shrink a deficit of 496.6 billion in April.