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Japan logs 695.3 bil. yen trade deficit in Aug. on weak yen
Japan posted a 695.29 billion yen ($4.9 billion) trade deficit in August as a weak yen inflated the value of imports, even though exports expanded to a record for the month, government data showed Wednesday. Helped by pharmaceutical and oil products, imports increased 2.3 percent from a year earlier to 9.14 trillion yen, rising for the fifth consecutive month and marking the second-largest for August. Exports also rose 5.6 percent to 8.44 trillion yen, up for the ninth straight month, according to a preliminary report by the Finance Ministry. Japan's trade balance remained in the red for the second consecutive month, ... (full story)
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- Posted: Sep 17, 2024 10:30pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,954
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