Japan trade deficit grows despite drop in imports - WAOW - Newsline 9, Wausau News, Weather, Sports

Japan trade deficit grows despite drop in imports

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 Japan's trade deficit expanded in November from the month before despite a slight decrease in imports thanks to the recent plunge in crude oil prices.

   The 891.9 billion yen ($8.5 billion) deficit in November compared with a 737 billion yen gap the month before, customs data showed Wednesday. However it was 32 percent lower than a year earlier.

   The more than 50 percent plunge in oil prices, and Japan's return to recession, reduced demand, with imports falling 1.7 percent from a year earlier to 7.1 trillion yen ($60.7 billion). Exports rose 4.9 percent to 6.19 trillion yen ($52.9 billion).

   Japan's trade surplus with the U.S. grew 20 percent over a year earlier to 582.1 billion yen ($5 billion) while its deficit with China, its biggest trading partner, rose 10 percent.

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