Japan Trade Balance

Monday, 20 February 2012 01:58

Japan’s trade deficit reached record high level of 1.48 trillion yen in January.

The Finance Ministry announced today that exports fell by 9.3% and imports rose 9.8%. Strong yen was an additional factor in gap widening.

Country is also still in process of recovering after tsunami.

Analysts expected trade deficit at 1.46 trillion yen in January.

Japanese yen was traded at 79.68 against US dollar after data release.