Japan’s trade deficit narrowed to JPY 323.9 billion in January of 2021 from JPY 1,315 billion in the same month a year earlier and compared to market expectations of a JPY 600 billion gap. Exports jumped 6.4% to JPY 5.78 trillion, as shipments increased to China, South Korea, and Taiwan. Meantime, imports dropped 9.5% to JPY 6.10 trillion, as purchases went down mainly from China and the US.
