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Wednesday, April 7, 2010 as of 11:14 AM ET

Trade Deficit

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The balance of trade (or net exports, sometimes symbolized as NX) is the difference between the monetary value of exports and imports of output in an economy over a certain period.

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Japan's Trade Deficit Widens More Than Forecast

Japan's trade deficit widened more than expected to 520.

3 billion yen ($6.5 billion) in April, data released Wednesday showed, with the gap more than six times the Û82.6 billion deficit recorded in March. The result came as exports missed forecasts with a 7.9% year-on-year rise, while imports increased by 8%, according to the Ministry of Finance numbers. A Dow Jones Newswires survey of economists had shown a median expectation for a Û483 billion deficit, while exports had been tipped to rise 12.9%. The results showed a divergence among Japan's top trading partners, as shipments to China fell more than 7% from a year earlier, but U.S. purchases jumped almost 43%. The Japanese yen weakened followed the data, with the U.S. dollar rising to Û80.02 from Û79.96 ahead of the announcement.Copyright © 2012 MarketWatch, Inc....

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