Financial Times FT.com

Tokyo’s trade deficit raises concern

By Michiyo Nakamoto in Tokyo

Published: November 20 2008 02:26 | Last updated: November 20 2008 04:39

Japan unexpectedly posted a Y63.9bn ($679m) trade deficit in October, intensifying concerns that the country is being pushed deeper into recession.

Exports fell 7.7 per cent year-on-year last month, while imports slowed sharply to an increase of 7.4 per cent, compared with a 28.8 per cent surge in September.

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