Japan trade deficit swells to record $37B in first half as fuel imports soar | The Galactic Free Press

WashingtonPost.com
By Associated Press, Published: July 24
Updated: Wednesday, July 25, 12:54 AM

Exports in April grew nearly 8pc from a year earlier Photo: Reuters

TOKYO — Japan reported its biggest half-year trade deficit ever as exports weakened and fuel imports soared to keep the power on while most reactors are idled in the aftermath of last year’s nuclear crisis.

The Ministry of Finance on Wednesday reported a 2.9 trillion yen ($37.4 billion) trade deficit for the first half ended June 30. The deficit was triple the size of the deficit reported for the same period last year. First half exports fell 2.5 percent from last year while imports surged 13.1 percent.

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