Japan is reporting a trade deficit in October but is seeing a recovery in exports after getting slammed by natural disasters in September.
Japan’s Ministry of Finance said Monday exports grew 8.2 percent from the same month the previous year.
Continue Reading Below
In September, exports fell 1.2 percent from the previous year in the first decline for the world’s third-largest economy since 2016.
Imports in October grew 19.9 percent on-year.
Worries are continuing over trade tensions after President Donald Trump imposed penalty tariffs on billions of dollars’ worth of Chinese exports.
Weaker U.S.-China trade generally hurts the export-dependent Japanese economy. Trump has also complained about Japanese auto imports. Bilateral trade talks are expected next year.
Monday’s data showed Japan racked up a trade deficit of 449 billion yen ($4 billion).
