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MNI BRIEF: Japan Trade Gap Narrows, Import Growth Stays Strong

TOKYO (MNI)

Japan's exports rose 14.7% y/y in March with autos posting a decline and imports gained 31.2% y/y, data released on Wednesday by the Ministry of Finance showed.

Japan posted an overall trade deficit of JPY412.4 billion for the eighth straight deficit following a gap of JPY669.7 billion in February, see: MNI BRIEF: Japan February Auto Exports Rebound, Imports Surge.

Exports of automobiles fell 5.2% y/y in March. Exports to China, Japan's largest trading partner, rose 2.9% in March.

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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