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Japan Swings to Trade Deficit in April

Japan Swings to Trade Deficit in April

   Tokyo, May 22 (Jiji Press)--Japan swung to a customs-cleared trade deficit of 462.5 billion yen in April due to higher crude oil prices and a weak yen, the Finance Ministry said in a preliminary report Wednesday.
   The country posted a trade surplus of 387 billion yen in March.
   In April, imports rose 8.3 pct from a year before to 9,443.3 billion yen, their highest level for the month. Crude oil imports grew 13.1 pct, and aircraft imports quadrupled.
   Exports climbed 8.3 pct to 8,980.7 billion yen, led by automobile shipments to the United States.
   In trade with the United States, Japan's surplus fell 13.2 pct to 688.5 billion yen. Its trade deficit with mainland China grew 14.6 pct to 527 billion yen.

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AFP-JIJI PRESS NEWS JOURNAL


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