AI Data Insight
Japan's total import YoY growth in August reached 28.0%, not only higher than the previous 27.8%, but also exceeding the market expectation of 26.3%, marking the largest increase since late 2022. Affected by geopolitical tensions in the Middle East and the depreciation of the yen, the import prices of energy such as crude oil surged, further widening Japan's trade deficit to over 1.1 trillion yen.