Japan’s U.S. Trade Surplus Up
Associated Press
TOKYO — Japan posted a $4.79-billion trade surplus against the United States in July, a 19% rise over the previous month despite a sharp increase in global imports, the government reported today.
Japan’s purchases from abroad shot up 20.8% in July to $12.91 billion, largely attributed to higher oil prices and a growth in motor vehicle purchases, mostly from the European Economic Community. Imports from the United States, though, fell from July, 1986, levels.
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