Japan trade deficit to rocket to ¥443 billion

Blame it on rebound in oil imports, reflecting higher prices and volumes.

According to Moody's Analytics Asia-Pacific Review, Japan's monthly trade deficit likely widened to ¥443 billion in July, from June’s ¥301 billion, to sit around its average monthly shortfall in 2012. Much of the deterioration is expected to have been driven by a rebound in oil imports, reflecting higher prices and volumes. Exports likely struggled again, feeling the pinch from a strong yen and subdued electronics demand.

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