|09-18-2014, 01:33 PM||#1|
Japan merchandise trade balance deficit narrowed in August
apan`s adjusted merchandise trade balance deficit narrowed in August; however, instability in exports` performance remains obvious along with a drop in global demand for Japanese products.
The adjusted merchandise trade balance recorded a deficit of 924.2 billion yen in August compared with a previous deficit of 1023.8 billion yen, while median estimates referred to a deficit of 998.0 billion yen.
The merchandise trade balance total came with a deficit of 948.5 billion yen compared with a deficit of 964.0 billion yen in July that was revised to 962.1 billion yen, and the reading came better than the forecasted deficit of 1028.9 billion yen.
Furthermore, the merchandise trade exports slid 1.3% in August compared with a previous incline by 3.9% in the same period last year, and the drop was much better than the estimated drop by 2.8%.
As for merchandise trade imports, it fell 1.5% last month, following an incline by 2.3%, noting that median estimates referred to a drop by 1.2%.
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