Japan July Trade Balance Y380.2 Billion

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Japan posted a smaller than expected trade balance in July.

The Japanese Trade Ministry reported Wednesday the nation recorded a trade surplus of 380.2 billion yen for the month, slightly below the 395.0 billion yen surplus forecast by most economists.

July exports decreased 36.5 percent compared to a year earlier, while exports fell 1.3 percent on month. It was the first monthly drop in two months.

Imports in July declined 40.8 percent on year.

The Ministry said Japan's trade deficit with China was 54.0 billion yen, down 27.2 percent on year.

Japan reported a trade surplus with all of Asia of 700.9 billion yen, down 24.1 percent on year.

Japan recorded a U.S. trade surplus of 333.08 billion yen, down 44.5 percent on year.

Japan's trade surplus with Europe totaled 104.0 billion yen, down 72.1 percent on year.

(Market News Provided by RTTNews)