Japan May Trade Deficit Y203.367 Billion


Japan ran a trade surplus of 411.12 billion yen with the United States as exports gained 11.6 percent from a year earlier to 1.08 trillion yen and imports increased 7.4 percent to 671.30 billion yen.

TOKYO-Japanese exports jumped 14.9% in May, helped by a pickup in demand in emerging markets and a weaker yen compared with a year ago.

Analysts expected exports to rise 16.1% and for imports to increase 14.8%. The fiscal surplus stood at ¥4.01 trillion, government data showed in April.

The May deficit is "mainly because of a rise in imports, reflecting Japan's resilient economy", Minami said.

A large trade surplus could draw criticism from the Trump administration, which has repeatedly indicated that it prefers protectionist policies to reduce the USA trade deficit and increase exports.

White House Says Trump Has 'No Intention' To Fire Special Counsel
Under the regulation , Special Counsel Mueller may be fired only for good cause, and I am required to put that cause in writing. On Tuesday, Newsmax's Christopher Ruddy attacked Robert Mueller's special counsel investigation during a segment on MSNBC.

Larger shipments of flat panels and semiconductor manufacturing equipment drove the gains in China-bound exports.

Imports climbed an annual 17.8% to 6.054 trillion yen versus expectations for 14.5% and up from 15.2% a month earlier.

Japan will on Monday release May figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.

The Bank of Japan kept monetary policy steady on Friday and upgraded its assessment of private consumption for the first time in six months.