Japan’s trade deficit hits record high – data ...News

Soaring fuel prices along with weakening yen have sent import costs surging A perfect storm created by growing commodity prices and a weakening national currency sent Japanese import costs soaring in 2022, with the trade deficit hitting a record high of 19.97 trillion yen ($155 billion), Nikkei reported, citing officials statistics. According to preliminary data tracked by the country’s ministry of finance, growth in Japan's exports amounted to 98.18 trillion yen ($764 billion) last year, marking a surge of 18%. At the same time, imports reportedly soared by more than 39% and totaled 118.15 trillion yen ($920 bill

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