Japan’s trade balance shrank less than expected in August, aided chiefly by better-than-expected exports as the finalisation of a Tokyo-Washington trade deal offered exporters some clarity.
Japan’s trade balance showed a deficit of 242.5 billion yen ($1.66 billion), smaller than expectations for a deficit of 513.6 billion yen, government data showed on Wednesday.
Exports shrank less than expected – 0.1%, against forecasts for a drop of 1.9%, while also improving from a 2.6% drop in the prior month.
