Japan's trade deficit falls to 930.5 bil. yen, exports to China slump

Japan posted a trade deficit of 930.48 billion yen ($6.3 billion) in August after the imposition of trade restrictions by China led to the biggest drop in food exports to the Asian neighbor in about 12 years, Finance Ministry data showed Wednesday.It was the second straight month of red ink for Japan as exports fell again in August, down 0.8 percent from a year earlier at 7.99 trillion yen, despite robust auto shipments to the United States. Imports fell 17.8 percent to 8.92 trillion yen, a year after energy imports surged.The latest data came amid concern about slowing overseas demand for …READ FULL ARTICLE