Record exports cut Japan's FY 2023 trade deficit to 5.89 trillion yen

Japan's trade deficit in fiscal 2023 shrank around 70 percent from a year earlier to 5.89 trillion yen ($38 billion), as robust U.S.-bound auto shipments lifted overall exports to a record high, government data showed Wednesday.The resource-poor nation has seen a drop in the value of energy imports in recent months, while the continued growth of exports to the United States has helped to offset slackening demand from China.In March alone, exports swelled to 9.47 trillion yen, up 7.3 percent, according to the Finance Ministry. Imports, meanwhile, fell 4.9 percent to 9.10 trillion yen.In the …READ FULL ARTICLE