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The Independent UK
The Independent UK
National
Via AP news wire

Japan trade deficit grows as oil prices surge, yen drops

Copyright 2020 The Associated Press. All rights reserved.

Japan’s trade deficit for the first half of this year totaled nearly 8 trillion yen ($58 billion), because of surging oil prices and a sinking yen, brought on partly by the war in Ukraine, and weaker global demand.

The deficit for the period from January through June marked the second consecutive half-year of deficits. The deficit for the six months ended in June totaled 7.92 trillion yen ($57 billion), according to Finance Ministry data released Thursday.

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