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Japan registers record trade deficit in first half of fiscal year


Japan registers record trade deficit in first half of fiscal year

Tokyo, Oct 20 (Prensa Latina) Japan registered a trade deficit of more than 11 trillion yen (73 billion dollars) in the first half of the current fiscal year, a record for a six-month period since 1979, the Ministry of Finance announced.

According to the agency, the negative difference between the Asian country’s purchases and sales from April to September is mainly due to the increase in the price of energy resources on the global market and the rise in import costs.

The rapid depreciation of the yen also played a role, which today fell above 150 levels against the dollar, the widest gap in the last 32 years.

Amid the unfavorable context, purchases from foreign sources grew by 44,5% compared to the same period in 2021, mainly crude oil, natural gas and coal.

Regarding some of its most important trading partners, imports from China and the United States rose 25,1% and 32,1%, respectively.

On the other hand, exports rose 19,6%, according to the official report.

Incidentally, the increase in automobile shipments to the United States, steel for Asia, as well as semiconductors and electronic parts in general, stood out.


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