Japan records trade deficit for the fourth month straight despite export recovery [Yahoo! Finance]
Toyota Motor Corporation (TM)
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Source: Yahoo! Finance
The trade deficit, which amounts to a nation's imports subtracted from its exports, totaled 461 billion yen ($3 billion) in red ink last month, the Finance Ministry reported Wednesday. Japan's exports in October managed to recover from a slowdown over the recent months, gaining 3.1% from the same month a year earlier, as shipments grew in equipment for semiconductor production. But imports, which grew 0.4% from the previous year, were still bigger than exports. A major uncertainty over trade is looming because of the reelection of Donald Trump as U.S. president. Worries are great about portending higher tariffs. Exports are a chief engine of growth for Japan, the home of Toyota Motor Corp., although such manufacturers have moved production and investment abroad. New Prime Minister Shigeru Ishiba has been busy meeting the leaders of Asian nations, as well as Europe and South America, to forge economic and trade relations, as well as security ties. Ishiba, who has yet to meet
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