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Japan's trade balance posts deficit in July; exports to Korea down 6.9% y/y

2019-08-19 3 Dailymotion

일본 무역수지 두 달 만에 적자 전환…한국수출 전년比 6.9% 감소<br /><br />Japan's trade balance posted a deficit in July for the second time in two months.<br />Tokyo's finance ministry says Tokyo posted a trade deficit of 2.3 billion U.S dollars last month.<br />Weak exports to China out of trade tensions between Beijing and Washington are seen as the major cause of the decline.<br />Exports to China fell more than nine percent compared to the previous year.<br />The country's exports to Korea also decreased by almost seven percent on year.<br />The ministry said that it couldn't identify whether Tokyo's recent trade restrictions on Korea had affected the trade balance figure since there was no seperate data for the affected materials.<br />

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