Tokyo, Feb. 17 (Jiji Press)–Japan ran a customs-cleared trade deficit of 323.9 billion yen in January, far smaller than a deficit of 1,315.1 billion yen a year before, the Ministry of Finance said Wednesday.
The result compared with the median forecast of a deficit of 600 billion yen in a Jiji Press poll of 19 research institutes.
Exports rose 6.4 pct to 5,779.8 billion yen, while imports dropped 9.5 pct to 6,103.7 billion yen, the ministry said in a preliminary report.
In trade with the United States, Japan’s surplus expanded 12.2 pct to 415.2 billion yen. Exports were down 4.8 pct, and imports down 14.0 pct.
In trade with mainland China, Japan logged a deficit of 487 billion yen, against the year-before deficit of 839.3 billion yen. Exports surged 37.5 pct, while imports dipped 0.9 pct.