Published: Mon, June 19, 2017
Economy | By Annette Adams

Japan Trade Data On Tap For Monday

Japan Trade Data On Tap For Monday

That missed forecasts for a surplus of 43.3 billion yen following the 481.1 billion yen surplus in April.

Japan ran a trade deficit with China, with exports soaring 23.9 percent to 1.12 trillion yen while imports gained 9.6 percent to 1.43 trillion yen, in the reporting period, the ministry said.

The rise in exports was the biggest since January 2015 and the sixth consecutive month of increases, Japan's Ministry of Finance said.

Japan's trade surplus swung into deficit in May, as imports rose faster than exports. In April, Japan's trade surplus with the United States fell an annual 4.2 percent.

Larger shipments of flat panels and semiconductor manufacturing equipment drove the gains in China-bound exports. That figure has captured attention after President Donald Trump named Japan as one of the nations contributing to the USA trade deficit.

Japan's imports rose 17.8 percent in the year to May, the strongest gain since early 2014, versus the median estimate for a 14.8 percent annual increase, as a rise in the price of oil from a year ago pushed up the value of imports.

Japan will on Monday release May figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. In the first three months of 2017, the economy grew an annualized 1.0%, to extend Japan's growth streak to the longest in 11 years.

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