Trade between China and Japan, Asia’s biggest economies, is set to pick up this year after a two-year slump, irrespective of political tensions, according to the Japan External Trade Organization, or Jetro.
Japan’s trade deficit with China widened last year by 18 percent to a record $52.2 billion, as the Chinese economy restructured and its growth slowed, Yoichi Maie, head of research at Jetro’s China and North Asia division, said at a briefing yesterday. Japan’s exports fell by 10 percent as China cut construction and mining machinery orders, he said.
