Japan recorded a commercial deficit in its financial year in March and April, but it has achieved a surplus with the United States, according to the Ministry of Finance on Thursday.
The global deficit in Japan reached 5.2 trillion yen ($ 37 billion) for the fiscal year until March, for the fourth year in a row of the deficit, according to temporary statistics.
The surplus with the United States rose to 9 trillion yen ($ 63 billion).
Exports to the United States is a controversial issue of the US PresidentDonald TrumpJapanese negotiatorsIn WashingtonThe article has their case against the US higher definitions. Japan is a major American ally and a major investor in the United States, employing hundreds of thousands of Americans.
Trump said on April 2 that he intends to impose a 24 % tariff on imports from Japan as part of a higher tariff for dozens of countries. After panic after the financial markets, it isPut a 90 -day partial contract on import taxes,With an increase in it alreadyA severe tariff on Chinese goods to 145 %.
Japan is still facing a 10 % basic tariff and 25 % tax on imported cars,Car partsSteel and aluminum exports. Most of these duties have recently entered into force, but they are a serious challenge for contemporary Prime Minister Shigro Eshiba.
Some analysts say that Tokyo can at some point sudden concessions, such as importing more American rice.Rice maintains a special place in the Japanese soulAs the main element of the nation and it was a long -protected sector in Japan. But recently, rice deficiency has raised prices.
Japan’s annual exports increased by 5.9 % from the previous year, and helping strong cargo shipments such as computer chips and vehicles. Imports rose 4.7 %. But the weakest Japanese yen made imports more expensive.
AThe last foreign tourists flow to JapanI pushed exports to the top, because this spending is considered exports.
For the month of March, Japan recorded a trade surplus of 544 billion yen (4 billion dollars). Exports increased by approximately 4 % from the previous year, for the sixth consecutive month of gains, although the increase was slower than February.
Exports to the United States increased by 3 %, while shipments grew to the rest of Asia by 5.5 %. Exports fell to China, while shipments rose to Hong Kong, Taiwan and South Korea.
“This is probably due to the re -direction of exports inside Asia to avoid tariffs with the tariffs with the United States,” said Ming Kang, Chief Economist in Engy, in a report.
This story was originally shown on Fortune.com
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