Japan has maintained a trade deficit for 18 consecutive months.

(Associated Press)

[Financial Channel/Comprehensive Report] Inflation, the depreciation of the yen led to an increase in import costs, coupled with the stagnation of exports to China, Japan’s trade deficit in January reached 3.4966 billion yen (NT$ 804.2 billion), the largest single since 1979. The largest deficit of the month.

"Nikkei Chinese Network" reported that Japan's Ministry of Finance released data on Thursday (16th) showing that Japan's deficit in January reached 3.4966 billion yen, a deficit for 18 consecutive months. Imports in January increased by 17.8% to 10 trillion yen. 47.7 billion yen (NT$ 2.31 trillion), the export value in January increased by 3.5% year-on-year to 6.5511 billion yen (NT$ 1.51 trillion).

Please read on...

The report pointed out that on the import side, due to the depreciation of the yen and the rise in energy prices, import prices have been further pushed up. On the export side, because China celebrates the Chinese New Year earlier, this year the Chinese New Year is on January 22, which is earlier than February 1 last year. Therefore, Factories and logistics across China were closed for holidays in January. In addition, the epidemic in China is also considered to have a certain impact.

Japan's exports to China in January fell 17.1% year-on-year to 967.4 billion yen (NT$222.5 billion).

Grasp the pulse of the economy with one hand I subscribe to Free Finance Youtube channel

Already added friends, thank you

Welcome to 【Free Finance】

feel good

Already liked it, thank you.

related news