Japan records trade surplus as exports, imports fall

TOKYO — Japan has recorded a trade surplus in October, the first surplus in four months, as exports to the U.S. fell and oil prices slipped.

The Finance Ministry reported Wednesday Japan’s surplus totaled 17.3 billion yen ($159 million).

Exports to the U.S. dipped 11% in October, including autos and auto parts, marking the third straight month of declines.

Imports from the U.S. fell 17%, such as agricultural products and gas fuels, the ministry said.

Exports and imports to other regions, including Europe and China, also fell.

The tariff war between the U.S. and China has taken a toll across Asia, hurting manufacturers and supply chains.

A dispute between Japan and South Korea over high-tech exports has added to the uncertainty.

You may also interested in

Global markets mixed after Wall Street loss

Dec 23, 2016

Asian markets are mostly lower while Europe has gained in early trading ahead of the Christmas...

China begins to ease its 2,000-year-old monopoly...

Jan 3, 2017

China has started an overhaul of its salt industry, easing a monopoly that has existed in some form...

DEA opens shop in China to help fight synthetic...

Jan 6, 2017

The U.S. Drug Enforcement Administration plans to open a new office in southern China and, at...

Chinese delegation open to meeting Trump's team...

Jan 11, 2017

A Chinese official says President Xi Jinping's delegation to the World Economic Forum is open to...

China exports shrink as Trump trade tensions loom

Jan 13, 2017

China's exports fell back into contraction again last month, signaling renewed weakness for the...

Subscribe To Our Newsletter