Mubasher: Japan has recorded a deficit in its trade balance last months due to an increase in imports to its highest level since 2014.
The trade balance turned to a deficit of JPY 203.4 billion ($1.83 billion) in May, against a surplus of JPY 481.7 billion ($4.34 billion) in April, as shown by the data of the Japanese finance ministry.
Data showed that the rise in Japanese imports to its biggest volume in two years, growing 17.8% year-on-year, has contributed to the trade deficit.
On the other hand, Japanese exports also went up 14.9%, reaching its level since January 2014.
As for the trade exchange between Japan and the United States, Japanese surplus grew 19% to JPY 411 billion, increasing for the first time in three months.
