Japan July trade deficit nearly doubles on-year
TOKYO (AFP) - Japan's trade deficit nearly doubled last month as a weaker yen sent the country's energy import bill soaring, even as the export picture looked brighter, the government said on Monday.
The finance ministry reported a bigger-than-expected deficit of 1.024 trillion yen (S$13.3 billion) for July.
It was the 13th straight month of shortfalls in what is the longest deficit spell in more than three decades.
The gap came even as the value of exports jumped 12.2 percent in July from a year earlier, powered by strong demand in the United States and China, as well as Europe.