Japan Reports Fifth Consecutive Fiscal Year of Trade Deficits Amid U.S. Tariffs
Japan recorded a trade deficit of 1.7 trillion yen ($10.7 billion) for the fiscal year ending March 2026, marking the fifth consecutive year of deficits. The deficit was driven by a 6.6% decline in exports to the U.S., particularly in auto shipments, due to Trump's tariffs. Despite this, March 2026 saw a 26% increase in the trade surplus as exports rebounded.
Topics: automotive exports energy imports Japan tariffs trade deficit U.S. trade relations