Tags: AS | Japan | Trade

Japan Fiscal Year Trade Surplus with US up Nearly 6 Percent

Wednesday, 18 April 2018 01:38 AM EDT

TOKYO (AP) — Japan has reported that its trade surplus with the U.S. grew nearly 6 percent in the fiscal year through March.

The trade figures were released Wednesday as Prime Minister Shinzo Abe was in the U.S. for meetings with President Donald Trump, who has complained repeatedly about the trade imbalance with Japan.

The Finance Ministry said the trade surplus with the U.S. totaled 6.999 trillion yen ($65 billion), marking the first increase in two years, as growing exports of cars and other machinery offset rising imports of gas, coal and other major products.

The two leaders were expected to discuss whether the U.S. might rejoin a pan-Pacific trade pact that Trump withdrew from shortly after taking office.

The report said Japan's overall trade surplus was nearly 2.5 trillion yen ($23 billion).

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Japan has reported that its trade surplus with the U.S. grew nearly 6 percent in the fiscal year through March.The trade figures were released Wednesday as Prime Minister Shinzo Abe was in the U.S. for meetings with President Donald Trump, who has complained repeatedly...
AS,Japan,Trade
132
2018-38-18
Wednesday, 18 April 2018 01:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved