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MNI BRIEF: Japan's Export Pace Slows In December, Autos +17.5%

TOKYO (MNI)

Japan's trade deficit narrowed in December as exports rose 17.5% y/y and imports gained 41.1% y/y , both slower rates than November, data released on Thursday by the Ministry of Finance showed.

Japan posted an overall trade deficit in December of JPY582.4 billion, the fifth straight gap. Exports of automobiles rose 17.5% y/y in December, accelerating sharply from November in a continued sign of recovery from supply-chain shortages.

Exports to China, Japan's largest trading partner, rose 10.8% in December and shipments to the U.S. rose 22.1%.


MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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