Japan Posts Wider-Than-Expected December Trade Deficit

Japan posted wider-than-expected trade deficit in December. Japan's exports dropped 5.8% y/y in December, while imports gained 1.9%. The country's trade deficit came in at 641.5 billion yen ($7.24 billion). Economists were expecting a 4.7% drop in exports, with trade deficit of ¥548.5 billion.
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