Japan logs trade deficit again in Dec as imports outpace exports -MOF

Japan logs trade deficit again in Dec as imports outpace exports -MOF

TOKYO (Reuters) – Japans exports rose 11.5% in December from a year earlier while imports grew 20.6%, resulting in a trade deficit worth 1.45 trillion yen ($11.27 billion), Ministry of Finance data showed on Thursday.

The rises in shipments and imports compared with 10.1% and 22.4% year-on-year gains respectively expected by economists in a Reuters poll. The trade deficit compared with economists median estimates for 1.65 trillion yen.

For the whole of 2022, Japan logged a trade deficit of 19.971 trillion yen, the biggest amount on record going back to 1979.

To view full tables, go to the MOF website:

($1 = 128.6100 yen)

(Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim)

Gold Price Forecast – Gold Markets Continue to Consolidate After Big Push HigherNatural Gas, WTI Oil, Brent Oil – Oil Markets Pull Back From Session HighsUS Stocks Add to Modest Gains After Retail Sales Report; PPI Data Suggests Inflation Could Be PeakingGBP to USD Forecasts: A Return to $1.24 US Data DependentUSD/JPY Forecast – Bank of Japan Causes VolatilityCrude Oil Price Forecast – Crude Oil Markets Continue to Power to the UpsideLoadingLoadingLoading