Japan’s trade deficit widened in April as the boost to exporters from a weaker yen was outweighed by rising prices for imports.
Preliminary figures from the finance ministry on Wednesday showed that Japan posted a deficit of Y879bn in its trade balance last month, almost 70 per cent wider than a year earlier, as rising shipments of cars and iron and steel products were offset by much higher bills for fuel, food, clothing and semiconductors.
The total value of exports rose 3.8 per cent from a year earlier to Y5.78tn, while imports were up 9.4 per cent to Y6.66tn.
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