Print Edition - 2018-06-20  |  Money Digest

Japan’s exports, imports both grew in May


Jun 20, 2018-

Japan’s exports to the US grew 5.8 percent in May from a year ago as shipments of machinery and vehicles rose, according to government data released on Monday. Japan’s imports from the US for the month grew 19.9 percent as imports of aircraft, fuel and medical products gained on year, the Finance Ministry said. Worries about trade tensions are growing over President Donald Trump’s trade policies, including tariffs of 25 percent on imported steel and 10 percent on aluminum imports announced in March, including those slapped on imports from Japan. Globally, Japan’s imports in May grew 8.1 percent and exports grew 14 percent, sending the trade balance into a deficit for the first time in three months. The surge in oil prices is among the main reasons for the deficit. (AP)

Published: 20-06-2018 08:23

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