Japan Posts Wider May Trade Deficit

Japan posted a wider trade deficit May.

The country's trade deficit widened to ¥907.3 billion ($11.47 billion), from ¥520.3 billion in April, according to Financial Ministry data. Economists were expecting a trade deficit of ¥520 billion.

Japan's exports for the month surged 10% y/y, while imports rose 9.3%.

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