Japanese trade deficit as yen weakens

Japan's trade balance turned to a deficit for the first time in four months, as import volumes declined by 7% despite a 12.5% increase in their value in May. This was due to the weak yen, which raised import costs. The deficit amounted to 378.6 billion yen ($2.36 billion), although analysts had expected a larger deficit. Exports, especially of technology products and automobiles, continued to grow by 17%. The deficit still reflects the economic challenges Japan faces, including a weak currency and tensions in oil supplies, with expectations of ongoing pressures on trade and economic growth.

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