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Japan trade deficit surges on-year to $10b in June

Published on Jul 24, 2014 9:13 AM

TOKYO (AFP) - Japan's trade deficit more than quadrupled in June from a year ago as the country logged another dip in exports, extending a string of monthly declines in

shipments overseas to two years, data showed Thursday.

The deficit stood at 822.2 billion yen (S$10 billion) in June, ballooning from a year-earlier shortfall of 180.5 billion yen and blowing past market expectations for a deficit of 684.7 billion yen.

Exports fell 2.0 per cent year-on-year to 5.94 trillion yen while imports rose 8.4 per cent to 6.76 trillion yen.

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