Trade deficit in Japan decreased more than expected

Thursday, 19 April 2012 03:48

Japanese Ministry of Finance informed today that country’s trade balance declined more than estimated in March.

Trade deficit reach Y0.62 trillion, exceeding expectations for negative reading of Y0.43 trillion.

The cause of such high fiscal deficit is still in enormous oil amounts Japan is forced to import after last year’s tsunami.

Following last year catastrophe imports of Japan increased by 11.6%, while exports declined by 3.7%.