Japan's imports rebounded in April on weakening yencrashtagteamracingps2, resulting in a trade deficit, highlighting the impact of the devaluation of the yencrashtagteamracingps2The increasingly heavy economic burden. Data showed that Japan's exports increased by 8.8 percent year-on-year in Aprilcrashtagteamracingps2.3%, and imports increased by 8% year-on-yearcrashtagteamracingps2.3%, with a trade deficit of 462.5 billion yen in April.

As Japan's auto industry is recovering from a certification scandal, exports have been boosted by car shipments. Exports of electronic components such as semiconductor manufacturing equipment and chips have also increased. In addition, imports were boosted by crude oil and aircraft.

The trade deficit is a negative factor affecting domestic manufacturing (GDP), reflecting the growing pain caused by the weak yen. As the yen has fallen to a 34-year low against the dollar, most Japanese companies said in a survey that this is becoming a bigger problem because it puts them under pressure to pass on rising raw material costs to customers through price increases.

On the other hand, a weaker yen has helped exporters such as Toyota Motor achieve strong profits because the weaker yen has enhanced the competitiveness of these exporters and increased the value of overseas earnings repatriated back into Japan.

However, strong demand in overseas markets, especially the United States, has had mixed effects on Japan. This could help Japan's economy resume growth this quarter due to strong exports. But staying strong in the U.S. economy may prevent the Fed from easing policy as many had expected, which in turn could support the greenback against the yen.

Japan's Ministry of Finance said the average exchange rate of the yen against the U.S. dollar in April was 151.66 yen to the U.S. dollar, down nearly 15% from a year ago. Economist Taro Kimura said: "We believe that the depreciation of the yen is the biggest reason for the widening trade deficit, because compared with the previous month, the depreciation of the yen has boosted imports more than exports."

The weak yen has not only become the focus of trade, but also the focus of economic and policy formulation. This has revived concerns about cost-driven inflation, which puts pressure on consumption. The Bank of Japan is watching to see whether higher wage growth can help consumers escape the impact of rising costs of living, while a rebound in spending could trigger demand-led inflation.