Japan's Trade: US Decline, Asian Growth

Japans global exports saw a modest increase of 3.7% in October, while imports from around the world edged up by 0.6%. The nation narrowed its overall trade deficit to $1.5 billion, a significant improvement from last year. However, exports to the US declined by 3.1%, marking the seventh consecutive month of year-over-year declines. Imports from the US into Japan surged by over 20%, driven by food and petroleum products. Japans exports to other Asian nations, such as China, Hong Kong, and Taiwan, experienced growth, suggesting a strategic shift in export efforts.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.