Japan suffered a trade deficit last month as exports sank for the first time in two years and five months, dragged down by a slowdown overseas.
But that was not enough to offset the drop in exports in computers, computer chips, machinery and other manufactured goods.
Imports to Japan dipped not only from Asia but many other nations, including the U.S., Mexico, the countries in the Middle East, as well as Russia. Import costs ballooned last year on the back of surging fuel costs, as well as the weakening Japanese yen, which raises the value of overseas spending when converted into yen.
A key factor for Japan is the strength of the Chinese economic rebound from the damage related to the pandemic. Some analysts say China’s rebound is shaky.
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