Japan's Prime Minister Shigeru Ishiba, left, and South Korea's President...

Japan's Prime Minister Shigeru Ishiba, left, and South Korea's President Yoon Suk Yeol attend the G20 Summit leaders meeting in Rio de Janeiro, Monday, Nov. 18, 2024. Credit: AP/Eraldo Peres

TOKYO — Japan racked up a trade deficit in October for a fourth straight month as a weak yen and rising energy prices kept import costs high.

The trade deficit, which amounts to a nation’s imports subtracted from its exports, totaled 461 billion yen ($3 billion) last month, the Finance Ministry reported Wednesday.

Exports grew 3.1% in October from a year earlier, picking up pace over recent months, as shipments of equipment for semiconductor production increased.

But imports, up 0.4% from a year earlier, were still bigger than exports.

A major uncertainty over trade is looming because of the reelection of Donald Trump as U.S. president, in part because he favors sharp increases in tariffs.

Exports are a chief engine of growth for Japan, the home of Toyota Motor Corp., although such manufacturers have moved production and investment abroad.

New Prime Minister Shigeru Ishiba has been busy meeting the leaders of Asian nations, as well as Europe and South America, to forge economic and trade relations, as well as security ties. Ishiba, who has yet to meet Trump, was recently in Brazil for the Group of 20 summit.

Peru's Foreign Affairs Minister Elmer Schialer, right, welcomes Japan's Prime...

Peru's Foreign Affairs Minister Elmer Schialer, right, welcomes Japan's Prime Minister Shigeru Ishiba to the Asia-Pacific Economic Cooperation (APEC) leaders meeting in Lima, Peru, Saturday, Nov. 16, 2024. Credit: AP/Fernando Vergara

A weakening currency, which tends to accompany trailing growth, is another worry for Japan. The U.S. dollar has been trading at about 155 Japanese yen recently, up from 140-yen levels a year ago.

Inflation and rising energy prices are pushing up import costs, while slowing global demand dampens exports.

But the recent fall in overseas demand is believed to be partly due to temporary disruptions like a typhoon, while the drop in exports is related to auto production disruptions in Japan.

By region, exports rose to the rest of Asia, including Singapore and Hong Kong. Exports to the U.S. slipped slightly.

Hockey player funeral ... Cop shooter sentenced ... St. James model railroad club Credit: Newsday

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Hockey player funeral ... Cop shooter sentenced ... St. James model railroad club Credit: Newsday

Red light cameras done in Suffolk ... Suffolk vehicle auction ... WWII vet visits school ... Holiday lights

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