Trade surplus with US up in fiscal 2017
While the trade surplus with the United States narrowed slightly by 0.2 percent year-on-year to 623.1 billion yen ($5.82 billion) in March, it was still sizable enough to draw criticism from Trump.
Japan logged a surplus in March of 623.1 billion yen ($5.9 billion) with the USA, down 0.2 percent, as imports of American-made cars and aircraft climbed, according to the finance ministry data.
The backdrop of rising trade tensions, stoked by the bitter U.S.
Shipments to the U.S. rose 4.3%.
Exports are expected to rise 5.2% YoY; Prior was 1.8%.
Very Warm Wednesday, Cold Front Tonight
Rain chances could begin to move in late Friday night, with a better chance of scattered showers come Saturday . It will be a mild and windy start to your Wednesday , as a surface low continues to track through the region.
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Trade between the two countries is likely to be a focal point of the ongoing summit meeting in Florida through Wednesday between Prime Minister Shinzo Abe and U.S. President Donald Trump, who is concerned about the U.S. trade deficits, not only with China but also with Japan, analysts said.
The yen was on average 6.3 percent higher against the dollar in March compared to the same month a year earlier, the ministry said. That's down 38 percent in yen terms from the previous year, but the figure rose for the first time in 2 years.
Japan's exports to the United Sates rose 0.2 percent year-on-year, much slower than a 4.3 percent annual increase in February.
Exports to Asia were up 4.5% on year to 4.033 trillion yen, while exports to China alone jumped an annual 10.8% to 1.439 trillion yen.
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