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The Piney Point

Japan records a trade deficit as oil imports soar because of conflict in the Middle East

Japan records a trade deficit as oil imports soar because of conflict in the Middle East
Photo: KPRC 2 / Click2Houston (NBC) · view original

Japan’s trade deficit reached 2.81 trillion yen ($17.8 billion) for the first fiscal half, according to government data released Wednesday, as the war in Iran sent oil import prices soaring. The Finance Ministry’s preliminary data showed that Japan’s exports for the April-September period grew 18...

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