Soaring Energy Imports Put Japan’s Economy Under Pressure ...Middle East

OILPRICE - Economy
Soaring Energy Imports Put Japan’s Economy Under Pressure
source : OILPRICE ( Middle East ) () 23
Crude oil imports into Japan soared by almost 100 percent last month, pushing the resource-poor country's trade balance deeper into deficit territory. The increase in oil imports also paled compared to natural gas and coal imports. Japan's imports of gas, in the form of LNG, skyrocketed by 151.6 percent in April, while coal imports doubled, Mainichi reported. As a result of these increases, Japan's trade deficit widened to some $6.6 billion, government data also showed. This makes April the ninth consecutive month of trade deficits for one of the…

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