Japan Trade Deficit Expands After Exports Unexpectedly Drop

Japan's trade deficit was larger than forecast after exports unexpectedly fell, dragging on an economy squeezed by a sales-tax increase in April. The shortfall in June was 822.2 billion yen ($8.1 billion), the finance ministry reported in Tokyo today, surpassing the 643 billion yen median estimate in a Bloomberg News survey of 32 economists. With fossil-fuel imports swelling the trade deficit ...



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