Posted 3/21/2024, 1:09:00 AM
Japan Exports Continue to Rise While Trade Deficit Narrows for Second Month
- Japan's exports rose 7.8% in February, marking the third straight month of growth
- Trade deficit sank to 379 billion yen ($2.5 billion) in February, the second straight month of a deficit
- Imports edged up 0.5% from last year to nearly 9 trillion yen ($60 billion)
- Exports remained strong at 8.2 trillion yen ($55 billion), with growth in cars, electrical machinery, and tourism
- Japan slipped to become world's fourth largest economy behind Germany in 2023
