Skip to comments.Japan logs $10.4 billion trade deficit for May
Posted on 06/18/2013 7:41:53 PM PDT by TexGrill
TOKYO Japans trade deficit for May expanded 9.5 percent from a year earlier to $10.4 billion, official data showed Wednesday as import costs rose on a weak yen.
Data from the finance ministry showed Japan incurred a trade deficit of 993.9 billion yen, the 11th straight monthly shortfall.
That was the longest run of monthly deficits since a 14-month string from July 1979 to August 1980.
But Mays deficit was smaller than expected as the market had forecast a shortfall of around 1.2 trillion yen.
Exports rose 10.1 percent to 5.76 trillion yen, growing for the third straight month on higher shipments to the United States and China.
(Excerpt) Read more at business.inquirer.net ...
‘79 and ‘80 was Toyota great expansion years.