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Japan’s imports surged by more than half in October from a year earlier, dwarfing exports and delivering another trade deficit, which has weighed heavily on the yen and added upward pressure to costs of living and doing business.
The trade gap reflects the pain felt by households struggling to make ends meet amid price hikes of everything from food to fuel, while squeezing profits at import-reliant companies facing difficulty of passing on costs to their clients.
Japan’s exports grew 25.3 percent year-on-year in October, led by shipments of cars, chips and electronics parts, up for the 20th consecutive months following a 28.
