Japan slumped into a larger-than-expected deficit as exports rose less than expected, with the Lunar New Year weighing on trade in January. Japan tends to have a trade deficit in January due to the lunar new year celebrations in some of Japan’s biggest trading partners, such as China and South Korea.
Japan’s Exports Increase Less Than Forecast in January
Japan slumped into a larger-than-expected deficit as exports rose less than expected, with the Lunar New Year weighing on trade in January. Japan tends to have a trade deficit in January due to the lunar new year celebrations in some of Japan’s biggest trading partners, such as China and South Korea.