Japan trade balance shrinks less than expected in August

Japan’s trade balance shrank less than expected in August, aided chiefly by better-than-expected exports as the finalisation of a Tokyo-Washington trade deal offered exporters some clarity.

Japan’s trade balance showed a deficit of 242.5 billion yen ($1.66 billion), smaller than expectations for a deficit of 513.6 billion yen, government data showed on Wednesday.

Exports shrank less than expected – 0.1%, against forecasts for a drop of 1.9%, while also improving from a 2.6% drop in the prior month.

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