Business Standard

Japan's trade gap widens as import costs surge on supply pressures

The mixed data on Thursday followed the yen's falls to two-decade-lows against the dollar earlier this month, which stoked fears of worsening terms of trade

A man wearing a protective mask, amid the coronavirus disease outbreak, walks past a Kentucky Fried Chicken (KFC) restaurant in Tokyo (Photo: Reuters)
Premium

Japan's exports rose 12.5% in April from a year earlier, Ministry of Finance data showed. (Photo: Reuters)

Reuters Tokyo
Japan's exports extended double-digit gains for a third straight month in April, but surging global commodity costs inflated the country's import bill to a record, adding to worries about the rising cost of living.

Shoring up the prospects of a private demand-led recovery, however, was a gauge of capital expenditure that posted its first monthly gain in three months.

The mixed data on Thursday followed the yen's falls to two-decade-lows against the dollar earlier this month, which stoked fears of worsening terms of trade and added financial burdens for the resource-poor Japanese economy as import costs soar.

A weak yen,

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in