Economy
Japan's trade balance posts deficit for 15th straight month
Country's imports surge 53.5% year-on-year, imports rise 25.3% in October
Tuba Sahin |
17.11.2022 - Update : 17.11.2022
ANKARA
Japan's trade balance posted a deficit for the 15th straight month, hitting 2.2 trillion yen ($155.6 billion) in October, according to Japanese Finance Ministry data released on Thursday.
The figure was up from 2.09 trillion yen in September.
Imports surged 53.5% year-on-year to a new all-time high of 11.2 trillion yen in October, marking the 21st consecutive month of rise amid strong demand, high commodity prices, and weakening yen.
The country's exports topped 9 trillion yen in October, soaring 25.3% from a year earlier.
In January-October, the world's third-largest economy's trade deficit totaled 16.4 trillion yen versus a surplus of 1.4 billion in the prior year.
