Japan logs 1st trade deficit in three months April

14:11, May 25, 2011      

Email | Print | Subscribe | Comments | Forum 

Japan's exports fell 12.5 percent in April from a year earlier, marking the second consecutive monthly decline, and posted a trade deficit for the first time in three months, the Ministry of Finance said Wednesday.

The ministry said in a preliminary report that the trade balance was tipped by the adverse affects of the March 11 disasters on production and shipping of goods.

The trade balance fell into a deficit of 463.7 billion yen (5.7 billion U.S. dollars) in the recording period, compared with economists' expectations for a 12.4 percent fall and following a 2. 3 percent revised decline logged in the previous month.

The figure also compares with a 729.2 billion yen surplus logged a year earlier.

The ministry said it was the first time since a 479.41 billion yen deficit booked in January that the balance has swung from a surplus.

The government figures revealed that exports totaled 5.156 trillion yen in the recording period and imports added up to 5.619 trillion yen, marking an 8.9 percent rise from a year earlier as commodity prices increased.

By region, export to the United States fell sharply by 23.3 percent, with the import to the nation increased only 1.8 percent. (one U.S. dollar is equivalent to 82 yen)

BRICS Leaders Meeting 2011
Japan in aftershocks
  Weekly review  
May 20   World Economic Forum China office marks fifth anniversary
May 18   China, Pakistan joined in bonds of brotherhood
May 20   'Central axis' of Beijing applies for world cultural heritage
May 20   In pictures: Int'l 'Financial Security' symposium opens in Beijing
May 21   The week in pictures
May 16   Beijing aims for massive influx of overseas talent in 2011
May 16   Singapore election coverage shows Western arrogance
May 16   Chinese naval helicopter conducts target practice in Gulf of Aden
May 17   Strategies for harmony between militaries of China, US
May 17   Pakistani Prime Minister hails China as true friend


  • Do you have anything to say?


Special Coverage
  • 3rd Anniversary Of Wenchuan Earthquake
  • Third China-U.S. Strategic and Economic Dialogue
Major headlines
Editor's Pick
  • First BRT lane opens in Beijing
  • Local gov't in Mexico starts campaign to reduce arms in citizens
  • 100-day countdown ceremony of 1st China-Eurasia Expo held in Urumqi
  • Top 10 on Forbes magazine's Celebrity Power List 2011
  • The Nanhua Miao village in Guizhou
  • Blast hits Iran oil refinery during Ahmadinejad's visit
Hot Forum Dicussion