Japan: Trade deficit improves mildly in August
September 18, 2014
In August, nominal yen exports fell 1.3% over the same month last year, which contrasted the 3.9% increase recorded in July. The decline was better than the 2.6% drop that market analysts had expected. Imports contracted 1.5% in annual terms in August. The print contrasted the 2.3% expansion tallied in July and was broadly in line with the 1.2% decrease that market analysts had expected.
The trade balance registered a JPY 948 billion deficit (USD 8.8 billion deficit) in August, which marked a slight improvement over both the JPY 962 billion shortfall tallied in the previous month and the JPY 971 billion deficit recorded in the same month last year. The trailing 12-month sum of the trade balance stabilized in August, remaining at the previous month’s JPY 14.2 trillion.