South Korea's trade deficit with Japan is forecast to fall to a 16-year low this year.<br />Seoul's trade ministry says that, in the first ten months of 2019, South Korea posted a trade deficit of 16-point-four billion U.S. dollars, down more than 20 percent compared to the same period last year.<br />Given the current trend, the deficit is expected to fall below 20 billion dollars, the lowest level since 2003.<br />The sharp fall comes as imports fell much faster than exports.<br />Japanese imports like semiconductor related parts and equipment as well as consumer goods like cars and beer all dropped.<br />
