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Japan reports exports, trade surplus slid in March


Added 04-17-19 01:04:02am EST - “Japan's exports declined in March as shipments to China dropped more than 9%, pulling the nation's trade surplus sharply lower.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Japan reports exports, trade surplus slid in March”. Below is an excerpt from the article.

Japan's exports declined in March as shipments to China dropped more than 9%, pulling the nation's trade surplus sharply lower.

It said total exports for the world's 3rd largest economy fell 2.4% from a year earlier while imports rose 1%.

Exports to the U.S., Japan's biggest single overseas market, rose slightly while imports fell, increasing the politically sensitive trade surplus by nearly 10%.

The report came as Japan and the U.S. finished launching trade talks aimed at clinching an agreement aimed at redressing that imbalance, which totaled $67.6 billion in 2018 according to U.S. figures.

U.S. Trade Representative Robert Lighthizer's office said he and Japan's trade minister Toshimitsu Motegi agreed to continue talks soon.

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