Japanese Trade Surplus Declines
Reuters
Japan was hit with more hard evidence of a worsening economy when government figures showed the trade surplus sank 57.9% in July from a year earlier.
The customs-cleared surplus stumbled to 420.7 billion yen ($3.49 billion) in July, down from 1 trillion yen in the same month last year, the Ministry of Finance said.
The trade surplus with Japan’s largest trading partner, the United States, fell 0.5% year-on-year to 618 billion yen.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
