Japan reports 2.8 tril. yen trade deficit in Jan. amid weaker yen

Japan logged a 2.76 trillion yen ($18.2 billion) trade deficit in January, weighed down by increased imports of electronics, while a weaker yen also pushed up prices, government data showed Wednesday.The trade balance returned to the red for the first time in two months. The deficit was 56.2 percent bigger than a year earlier, but it was still smaller than the record 3.54 trillion yen posted by the country in January 2023, the Finance Ministry said.Exports rose 7.2 percent from a year earlier to 7.86 trillion yen, marking the fourth straight month of growth, as shipments of cars, ships and …READ FULL ARTICLE