Japan March exports rise 1.8% year on year: MOF
Published on Apr 21, 2014 8:21 AM
TOKYO (REUTERS) - Japan's exports rose 1.8 per cent in March from a year earlier, Ministry of Finance (MOF) data showed on Monday, suggesting that sluggish external demand could put a drag on the economy already hit by the April 1 sales tax hike.
The rise in exports compared with a 6.3 per cent gain seen by economists in a Reuters poll. It followed an annual 9.8 per cent increase in February.
Imports grew 18.1 per cent in the year to March, compared with a 16.2 per cent gain expected, and following a 9.0 per cent rise in the previous month.
The country's trade balance stood at a deficit of 1.446 trillion yen (S$17.7 billion) in March, against a shortfall of 1.070 trillion yen expected, after logging a record trade gap of 2.79 trillion yen in January. That marked a record 21-month run of deficits.
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