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Japan Logs Trade Surplus of 872.9 B. Yen in Oct.

Japan Logs Trade Surplus of 872.9 B. Yen in Oct.

   Tokyo, Nov. 18 (Jiji Press)--Japan logged a customs-cleared trade surplus of 872.9 billion yen in October, up from 11.2 billion yen a year before, the Ministry of Finance said Wednesday.
   The result far exceeded the median forecast of 250 billion yen among the 17 research institutes surveyed by Jiji Press.
   Exports fell 0.2 pct to 6,566.1 billion yen, and imports dropped 13.3 pct to 5,693.2 billion yen, the ministry said in a preliminary report.
   In trade with the United States, Japan's surplus expanded 25.7 pct to 698.6 billion yen. Exports grew 2.5 pct, while imports slid 15.6 pct.
   In trade with mainland China, Japan posted a deficit of 77.7 billion yen, smaller than the year-before deficit of 271.4 billion yen. Exports rose 10.2 pct, while imports dropped 3.7 pct.

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AFP-JIJI PRESS NEWS JOURNAL


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