Japan posts trade deficit as U.S. auto exports drop

TOKYO, June 18 (Xinhua) -- Japan recorded a trade deficit of 637.6 billion yen (about 4.4 billion U.S. dollars) in May, marking the second consecutive Kenya breaking news | Kenya news today |..

✨ Key Highlights

Japan registered a trade deficit primarily due to a sharp decline in auto exports to the United States.

Japan’s total exports fell **1.7 percent** year-on-year to **8.135 trillion yen**.
Exports to the U.S. dropped **11.1 percent**, marking the second consecutive month of decline.
Automobile exports to the U.S. plummeted **24.7 percent**, largely influenced by U.S. tariffs on vehicles and other goods.
Meanwhile, imports decreased **7.7 percent** year-on-year to **8.7726 trillion yen**, attributed to lower crude oil and coal prices.

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Investment and Trade Developments

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