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Japan Unexpectedly Posts Trade Deficit in October |
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Asian Economy |
Written by CEP News |
Nov 19 08 22:59 GMT |
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(CEP News) - Japan posted a trade deficit of ¥63.9 billion in October, despite expectations for a ¥73.6 billion surplus. In September, Japan posted a downwardly revised ¥88.5 billion surplus. The original figure was recorded as a ¥95.1 billion surplus.
The report was published by Japan's Ministry of Finance Thursday morning (Wednesday night EST). Imports grew by 7.4% year over year, while exports were down by 7.7%. The seasonally adjusted trade balance was -¥175.6 billion, lower than September's ¥33.0 billion deficit and forecasts for a ¥71.0 billion surplus By Megan Ainscow,
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