• Kyodo, Bloomberg

  • SHARE

Japan registered its largest-ever monthly trade deficit of ¥1.6294 trillion in January as costs of fossil fuel imports surged with the yen sliding sharply, despite a moderate recovery in exports, the government said Wednesday.

The value of imports rose 7.3 percent year on year to ¥6.4286 trillion, up for the third straight month, as oil product and liquefied natural gas imports jumped 33.7 percent and 11.4 percent, respectively, the Finance Ministry said in a preliminary report, noting the deficit was the largest among comparable figures available since January 1979.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)