(MENAFN- Qatar News Agency) Japan's trade deficit in October came to about 11 billion dollars.
The 16th straight monthly deficit resulted in the longest string of deficits since 1979
The Japanese Finance Ministry says the weaker yen is pushing up the price of imported fuel, according to Japan's (NHK WORLD) website
Exports surged more than 18% from a year earlier in yen terms
Automakers saw strong demand for vehicles in the US, Europe and China
Japan spent about 26% more on imports, led by liquefied natural gas and crude oil
The cost of all imports has been rising for the last 12 months
All of Japan's nuclear reactors are currently offline, leaving utilities to rely on fuel-burning thermal plants to make up for the loss.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.