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The Independent UK
The Independent UK
National
Via AP news wire

Japan trade deficit soars on weak yen, high oil prices

Copyright 2022 The Associated Press. All rights reserved.

Japan's trade deficit surged to over 2 trillion yen ($15 billion) in November as higher costs for oil and a weak yen combined to push imports sharply higher.

It was the 16th straight month of red ink and a record high for the month of November. The country will likely post a record deficit for the year.

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