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
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