Japan posted a merchandise trade deficit of 891.859 billion yen in November, the Ministry of Finance said on Wednesday – remaining in the red for the 29th consecutive month.
The headline figure beat forecasts for a shortfall of 992.0 billion following the downwardly revised 736.9 billion yen deficit in October (originally 709.995 billion yen).
Exports were up 4.9 percent to 6.188 trillion yen – well shy of forecasts for a gain of 7.0 percent and slowing from 9.6 percent in the previous month.
Exports to all of Asia were up 5.8 percent on year, while exports to China added an annual 0.9 percent.
Exports to the United States gained 6.8 percent on year, while exports to the European Union fell an annual 1.3 percent.
Imports dipped 1.7 percent on year to 7.080 trillion yen versus forecasts for an increase of 1.7 percent following the upwardly revised 3.1 percent gain a month earlier (originally 2.7 percent).
Imports from all of Asia climbed 3.4 percent on year, while imports from China alone advanced an annual 3.9 percent.
Imports from the United States tumbled 3.3 percent, while imports from the European Union collected 2.4 percent.
The adjusted merchandise trade balance was a deficit of 925.0 billion yen, which beat forecasts for a shortfall of 982.8 billion yen following the revised 985.1 billion yen deficit in October (originally -977.5 billion yen).
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