Japan posts 19th straight trade deficit in February

by user

Japan posted a trade deficit for a 19th straight month in February after the yen’s weakness and higher energy prices boosted the value of imports, Ministry of Finance data showed Thursday.

Japan reported a Y897.7 billion trade deficit in February, compared with a Y3.5 trillion deficit in January. Imports rose 8.3% from a year earlier.

Exports rose 6.5% in February from a year earlier, supported by demand for cars and pharmaceutical products. That was faster than the 3.5% increase recorded in January.

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