Japan posts $8.9 bn trade deficit

Tokyo: Japan posted a trade deficit of 943.4 billion yen ($8.9 billion) in January, the first shortfall in eight months,amid growing energy imports, the government said on Monday. The value of inbound shipments climbed 7.9 per cent from a year earlier to 7 trillion yen with imports of petroleum up 11.4 per cent and those of liquefied natural gas rising 11.5 per cent, the Finance Ministry said in a preliminary report.
The value of outbound shipments from Japan jumped 12.2 per cent from a year earlier to 6.1 trillion yen, marking the 14th straight month of growth.
Shipments to the world’s second-largest economy surged 30.8 per cent to 1.2 trillion yen.
Japan has purchased more petroleum and liquefied natural gas for power generation since the 2011 triple meltdown at the Fukushima Daiichi Nuclear Power Station. — dpa