Japan's Trade Deficit Shrinks More Than Expected Amid Robust US and China Demand

Thursday, 21 March 2024, 06:29

The latest data shows Japan's trade deficit significantly narrowing in February 2024 to JPY 379.4 billion from the previous year, surpassing market predictions. The improvement is driven by strong demand from the US and China, indicating positive trade trends for Japan. This suggests a favorable outlook for Japan's economic performance and global trade relationships.
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Japan's Trade Deficit Shrinks More Than Expected Amid Robust US and China Demand

Japan's Trade Deficit Shrinks in February 2024

Japan's trade deficit decreased sharply to JPY 379.358 billion in February 2024 from JPY 928.908 billion in the same period of the previous year, exceeding market estimates. The surge in demand from the US and China played a significant role in this improvement.

Key Points:

  • Trade Deficit: Decreased to JPY 379.358 billion in Feb 2024
  • US and China Demand: Robust demand from these countries drove the improvement
  • Market Estimates: Exceeded expectations with a significant decrease in the deficit

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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