Japan Logs Trade Deficit of 5,221 B. Yen in FY 2024
Tokyo, April 17 (Jiji Press)--Japan ran a trade deficit of 5,221.7 billion yen in fiscal 2024, marking the fourth straight year of red ink, the Finance Ministry said Thursday.
Its customs-cleared trade surplus with the United States came to 9,005.3 billion yen as exports hit a record high.
The ministry will continue watching imports and exports after failing to find any clear sign of an expected impact of U.S. President Donald Trump's tariff policy in the latest trade data.
Japan's total exports increased 5.9 pct to 108,934.6 billion yen, exceeding 100 trillion yen for two years in a row and breaking their record. Semiconductor-making equipment for Taiwan fared well.
Exports to the United State rose 3.8 pct to 21,648.2 billion yen. Vehicle exports grew 1.6 pct, supported by the strength of hybrid vehicles.
(2025/04/17-14:03)
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