TOKYO (AP) — Japan recorded a trade deficit in its March-April fiscal year but racked up a surplus with the U.S., the Finance Ministry reported Thursday.
Japan’s global trade deficit totaled 5.2 trillion yen ($37 billion) for the fiscal year through March, for the fourth straight year of deficits, according to the provisional statistics.
The surplus with the U.S. ballooned to 9 trillion yen ($63 billion).
Exports to the U.S. are a contentious issue for U.S. President Donald Trump and Japanese negotiators are in Washington to argue their case against higher U.S. tariffs. Japan is a key longtime U.S. ally and major investor in the U.S., employing hundreds of thousands of
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