Japan books record trade deficit in August as weak yen further inflates import costs
STORY: Japan books record trade deficit in August as weak yen further inflates import costs
DATELINE: Sept. 16, 2022
LENGTH: 00:01:36
LOCATION: Tokyo
CATEGORY: ECONOMY
SHOTLIST:
1. various of the port in Tokyo
2. various of street view in Tokyo
STORYLINE:
Japan booked a record 2.82 trillion yen (19.66 billion U.S. dollars) trade deficit in August owing to surging energy prices and a plunge in the yen inflating the price of imports, the government said in a report on Thursday.
According to the Finance Ministry, Japan's trade deficit has continued to widen, with August's figure marking the 13th straight month the trade balance has been in negative territory.
The ministry's data showed that the latest deficit beat Japan's previous record of 2.80 trillion yen (19.53 billion U.S. dollars) logged in January 2014, as resource-poor Japan remains reliant on skyrocketing energy and raw materials from overseas.
In the recording period, the ministry said imports jumped 49.9 percent to 10.88 trillion yen (75.89 bill
- Product Code
- ILEA001017411
- Registered date
- 2022/9/16 00:00:00
- Credit
- Xinhua / Kyodo News Images
- Media source
- Xinhua News Agency.All Rights Reserved
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