Japan records trade surplus as exports, imports fall

TOKYO — Japan has recorded a trade surplus in October, the first surplus in four months, as exports to the U.S. fell and oil prices slipped.

The Finance Ministry reported Wednesday Japan’s surplus totaled 17.3 billion yen ($159 million).

Exports to the U.S. dipped 11% in October, including autos and auto parts, marking the third straight month of declines.

Imports from the U.S. fell 17%, such as agricultural products and gas fuels, the ministry said.

Exports and imports to other regions, including Europe and China, also fell.

The tariff war between the U.S. and China has taken a toll across Asia, hurting manufacturers and supply chains.

A dispute between Japan and South Korea over high-tech exports has added to the uncertainty.

Must Read

Obama and Putin meet in China amid struggle for Syria deal

Sep 5, 2016

US, Russia struggle to keep alive negotiations to end the bloodshed between U.S.-backed rebels

Air China removes mag with offensive article about London

Sep 8, 2016

Air China says it has removed copies of its inflight magazine containing an article criticized as...

Taiwan loses diplomatic ally in move welcomed by Beijing

Dec 21, 2016

Taiwan has condemned the African island nation of Sao Tome and Principe's "abrupt" move to break...

Asian stocks rise after Wall Street gains

Dec 21, 2016

Asian stocks are higher after U.S. stocks rose to record levels despite attacks in Germany and...

Aid groups warn of crisis as Mongolia hit by harsh winter

Dec 21, 2016

Another unusually harsh winter in Mongolia that's decimating livestock and sending temperatures to...