Japan's Trade Deficit Reached 964 billion Yen in July

Aug. 20, 2014

Japan's Ministry of Finance released its trade statistics (subject to clearance) on 20th of July which showed the trade deficit of Japan was 964 billion yen (about 57.5 billion yuan). Japan has trade deficit for 25 consecutive months.
Due to the increase of export in vehicle and metal processing machinery, volume of exports increased 3.9 percent compared with that of the smae period of previous year, reaching 6.1886 trillion yen, is the first increase of for the last three months.
Japan’s imports increased 2.3% to 7.1526 trillion yen, an increase for two consecutive months. imports of liquefied natural gas used as thermal fuel and crude oil also increased.
Due to a sharp increase of engine and meat imports from the EU, Japan’s trade deficit against EU was 49.5 billion yen, while Japan’s trade deficit against China was 321.6 billion yen. 
(Translated by www.chinainout.com)