Japan Trade Surplus With US Shrinks For Second Month
Faizan Hashmi Published September 19, 2018 | 10:30 AM
Tokyo, Sept 19 (UrduPoint / Pakistan Point News - 19th Sep, 2018 ) :Japan's sensitive trade surplus with the United States shrank sharply for the second consecutive month, according to official data published Wednesday, as Tokyo nervously eyes Washington's trade war with China.
The surplus came in at 455.8 billion Yen ($4.05 billion) in August, as the rise in US aerospace, natural gas and coal imports outpaced Tokyo's exports of pharmaceutical and construction products.
US President Donald Trump has reportedly cited Japan as his next target after China as he seeks to reduce Washington's trade deficit.
The US-China trade war has shown no sign of cooling, with Trump moving forward with tariffs on $200 billion in Chinese imports, sparking immediate retaliation from Beijing.
Japan logged an overall global trade deficit of 444.6 billion yen, as the rising value of energy imports continued to outpace export growth.
Exports rose 6.6 percent led by machines to build semiconductors, automobiles and ships.
But the total value of foreign imports climbed 15.4 percent, largely due to rising cost of energy such as crude oil, LNG and coal.
Japan's deficit with its biggest trading partner China shrank 25.1 percent.
Related Topics
Recent Stories
SC orders end of encroachments in Karachi
Nazish Jahangir denies viral screenshots, calls them fake
Govt likely to hike electricity price once again
Bismah Maroof announces immediate retirement from international cricket
Malala expresses unwavering support for Gaza people
Selection committee dissolved over Pakistan women cricket team's poor performanc ..
Punjab CM Maryam Nawaz in police uniform at Chung police center
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
Today Gold Rate in Pakistan 25 April 2024
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
More Stories From Business
-
Govt likely to hike electricity price once again
1 hour ago -
Mining giant BHP launches bid to take over rival Anglo American
2 hours ago -
Gold rates up by Rs500 per tola to Rs242,500
3 hours ago -
Tokyo stocks end lower after Meta results
3 hours ago -
EXCHANGE RATES FOR CURRENCY NOTES
5 hours ago -
Foreign exchange rates
5 hours ago
-
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
6 hours ago -
Today Gold Rate in Pakistan 25 April 2024
7 hours ago -
Meta profits soar but costs of AI cause worry
8 hours ago -
Mired in crisis, Boeing reports another loss
16 hours ago -
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
16 hours ago -
British-Pakistani firm unveils $35 million luxury apartments for overseas Pakistanis in Islamabad
16 hours ago