Japan records a trade deficit in October for a 4th straight month [Investment Executive - News]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
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Source: Investment Executive - News
The trade deficit, which amounts to a nation’s imports subtracted from its exports, totalled 461 billion yen (US$3 billion) last month, the Finance Ministry reported Wednesday. Exports grew 3.1% in October from a year earlier, picking up pace over recent months, as shipments of equipment for semiconductor production increased. But imports, up 0.4% from a year earlier, were still bigger than exports. A major uncertainty over trade is looming because of the reelection of Donald Trump as U.S. president, in part because he favours sharp increases in 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 Trump, was recently in Brazil for the Group of 20 summit. A wea
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