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InstaForex - Official partner of Dragon Racing

2014.07.2322:30:00UTC+00Japan Has Y822.2 Billion Trade Deficit In June

Japan posted a merchandise trade deficit of822.2 billion yen in June, the Ministry of Finance said on Thursday - remaining in the red for a record 24th straight month.

That missed forecasts for a shortfall of 642.9 billion yen following the 910.8 billion yen deficit in May.

Exports were down 2.0 percent on year, missing forecasts for an increase of 1.0 percent following the 2.7 percent decline in the previous month.

Exports to all of Asia were down 3.8 percent on year, while exports to China added an annual 1.5 percent.

Exports to the United States shed 2.2 percent on year.

Imports jumped 8.4 percent on year, in line with forecasts following the revised 3.5 percent contraction a month earlier (originally -3.6 percent).

The adjusted merchandise trade balance was a deficit of 1,080 8 billion yen, which beat forecasts for a shortfall of 1,119.9 billion yen following the 862.2 billion yen deficit in May.

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