Japan Records Trade Deficit For The Fourth Month Straight Despite Export Recovery

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japan records trade deficit for the fourth month straight despite export recovery

Japan racked up a trade deficit in October for a fourth straight month as a weak yen and the rising price of energy kept import costs high.

The trade deficit, which amounts to a nation's imports subtracted from its exports, totaled 461 billion yen 3 billion in red ink last month, the Finance Ministry reported Wednesday.

Japan's exports in October managed to recover from a slowdown over the recent months, gaining 3.1 from the same month a year earlier, as shipments grew in equipment for semiconductor production.

But imports, which grew 0.4 from the previous year, were still bigger than exports.

A major uncertainty over trade is looming because of the reelection of Donald Trump as U.S. president. Worries are great about portending higher tariffs.