TOKYO: Japan’s trade deficit quadrupled on-year in March to $14 billion, data showed Monday, with a weak yen compounding surging imports as consumers rushed to buy ahead of a rise in sales tax.
Japan imported 1.45 trillion yen ($14 billion) worth of goods more than it exported in the month, the finance ministry said, compared with a shortfall of 356.9 billion yen in March 2013.
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