You are here

Japan trade gap hits record 5.4t yen

First-half deficit deals double blow to Tokyo as it had just lowered the forecast for its economy for 2nd straight month

The higher trade deficit reflects a continuing surge in import costs on the back of a weaker yen, although exports showed some improvement towards the very end of the first half.


BAD news continued to dog Japan's embattled economy as it was announced on Wednesday that the nation logged a record trade deficit of some 5.4 trillion yen (S$64 billion) for the first half of fiscal 2014. The news came a day after the government downgraded its assessment of the...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to