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Japan's Trade Surge Amid Yen Struggles | Texas News
Japan’s July trade numbers are exploding — imports and exports hit all-time highs, but the country’s trade deficit keeps growing, hitting $4 billion for the third straight month. Sky-high oil prices, fueled by global tensions, combined with a weak yen, are driving up import costs. Meanwhile, exports — especially cars and electronics — are surging, boosting profits for giants like Toyota. But that same weak yen hurts everyday consumers and businesses buying overseas goods. Efforts to stabilize the yen and diversify energy sources haven’t worked yet, and analysts say the Prime Minister’s…
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