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Japan books record trade deficit of $26 bn in January

By IANS | Updated: February 16, 2023 10:55 IST

Tokyo, Feb 16 Japan booked a record trade deficit in January owing to rising energy costs and the ...

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Tokyo, Feb 16 Japan booked a record trade deficit in January owing to rising energy costs and the pace of exports slowing, the government said in a report on Thursday.

According to the Finance Ministry, the country's trade deficit in January stood at 3.5 trillion yen (26.16 billion US dollars) and marked an 18th straight month of red ink, Xinhua News Agency reported.

Imports jumped 17.8 percent to 10.05 trillion yen (75.13 billion dollars) in the recording period, the ministry said, while exports were up 3.5 percent to 6.55 trillion yen (48.96 billion dollars).

With the US, it booked a slight surplus of 280.7 billion yen (2.09 billion dollars), the ministry said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: japanTokyoFinance MinistryXinhua news agencyChina xinhua newsXinhua news agency healthXinhua new agencyAsia-pacific bureauShanghai seNippo
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