Importers feel impact of weaker yen

Japan’s trade deficit quadrupled in March, figures showed Thursday, as the weakening yen made fuel imports much more costly, even as it helped the country’s once-squeezed exporters.

The value of goods that came into the country was 362.4 billion yen (HK$28.71 billion) higher than that of exports in the month, four times the gap from the same period a year earlier.

Compared with March last year, the yen was worth around 16 per cent less in March this year, vastly boosting the cost of the dollar-priced fossil fuels that Japan has to import.

via Business feed http://www.scmp.com/business/economy/article/1217331/importers-feel-impact-weaker-yen