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

2019-08-19 7 Dailymotion

일본 무역수지 두 달 만에 적자 전환…한국수출 전년比 6.9% 감소<br /><br />Japan's logged a trade deficit in July for the second time in two months.<br />According to its finance ministry, the country posted a deficit of 2.3 billion U.S dollars last month.<br />Weak exports to China due to the Beijing - Washington tariff war are seen as the key contributing factor.<br />Outbound shipments to China fell more than nine percent on-year.<br />Exports to Korea also decreased by almost seven percent.<br />The ministry couldn't identify whether Tokyo's recent trade restrictions on Seoul had affected the trade balance figure since there was no seperate data for the affected materials.<br />

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