Japan trade deficit shrinks 72% in July on year

GMT 02:25 2015 Wednesday ,19 August

Arab Today, arab today Japan trade deficit shrinks 72% in July on year

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Tokyo - Arab Today

Japan's trade deficit fell a less-than-expected 72.3 percent year-on-year in July due to falling energy costs and a pick-up in exports, the finance ministry announced Wednesday.

The deficit fell to 268.05 billion yen ($2.15 billion) against 966.5 billion yen a year earlier, although economists had predicted the shortfall would shrink to around 53 billion yen.

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