{"id":14798,"date":"2025-04-17T09:20:48","date_gmt":"2025-04-17T09:20:48","guid":{"rendered":"https:\/\/topat10.com\/?p=14798"},"modified":"2025-04-17T09:20:48","modified_gmt":"2025-04-17T09:20:48","slug":"japans-trade-surplus-with-the-u-s-ballooned-to-63-billion","status":"publish","type":"post","link":"https:\/\/topat10.com\/?p=14798","title":{"rendered":"Japan\u2019s trade surplus with the U.S. ballooned to $63 billion"},"content":{"rendered":"\n

Japan recorded a trade deficit in its March-April fiscal year but racked up a surplus with the U.S., the Finance Ministry reported Thursday.<\/p>\n

Japan\u2019s global trade deficit totaled 5.2 trillion yen ($37 billion) for the fiscal year through March, for the fourth straight year of deficits, according to the provisional statistics.<\/p>\n

The surplus with the U.S. ballooned to 9 trillion yen ($63 billion).<\/p>\n

Exports to the U.S. are a contentious issue for U.S. President Donald Trump<\/a> and Japanese negotiators are in Washington<\/a> to argue their case against higher U.S. tariffs. Japan is a key longtime U.S. ally and major investor in the U.S., employing hundreds of thousands of Americans.<\/p>\n

Trump said on April 2 that he planned to impose a 24% tariff on imports from Japan as part of an announcement of higher tariffs on dozens of countries. After financial markets panicked, he put a partial 90-day hold on the import taxes,<\/a> while increasing his already steep tariffs on Chinese goods to as much as 145%<\/a>.<\/p>\n

Japan still faces a 10% baseline tariff and a 25% tax on imported cars, auto parts<\/a>, steel and aluminum exports. Most of those duties took effect recently, but they pose a grave challenge for embattled Prime Minister Shigeru Ishiba.<\/p>\n

Some analysts say Tokyo could at some point announce surprise concessions, like importing more American rice. Rice holds a special place in the Japanese psyche<\/a> as the nation\u2019s staple and has long been a protected sector in Japan. But recently a rice shortage has been pushing up prices.<\/p>\n

Japan\u2019s annual exports climbed 5.9% from a year earlier, helped by strong shipments of goods like computer chips and vehicles. Imports rose 4.7%. But a weaker Japanese yen made imports more costly.<\/p>\n

A recent influx of foreign tourists to Japan<\/a> has pushed exports higher, since such spending counts as exports.<\/p>\n

For the month of March, Japan recorded a trade surplus of 544 billion yen ($4 billion). Exports climbed nearly 4% from a year earlier, for the sixth straight month of gains, although the surge was slower than in February.<\/p>\n

Exports to the U.S. rose 3%, while shipments to the rest of Asia grew 5.5%. Exports to China fell, while shipments to Hong Kong, Taiwan and South Korea surged.<\/p>\n

\u201cThis is likely due to the rerouting of exports within Asia to avoid tariff conflicts with the U.S.,\u201d Min Joo Kang, a senior economist at ING, said in a report.<\/p>\n

This story was originally featured on Fortune.com<\/a><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Japan recorded a trade deficit in its March-April fiscal year but racked up a surplus with the U.S., the Finance Ministry reported Thursday. Japan\u2019s global trade deficit totaled 5.2 trillion yen ($37 billion) for the fiscal year through March, for the fourth straight year of deficits, according to the provisional statistics. The surplus with the […]<\/p>\n","protected":false},"author":756,"featured_media":14799,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[123],"tags":[],"class_list":["post-14798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nJapan\u2019s trade surplus with the U.S. ballooned to $63 billion | Unlock Informed Choices with Us<\/title>\n<meta name=\"description\" content=\"Exports to the U.S. are a contentious issue for U.S. President\u00a0Donald Trump\u00a0and Japanese negotiators are\u00a0in Washington\u00a0to argue their 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