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المشهد العربي
Japan's trade deficit widens with higher oil costs
Data shows that Japan's trade deficit widened in June to reach 406.9 billion yen ($2.5 billion), despite exports increasing at the fastest rate since the end of 2022, reaching 10.9 trillion yen, driven by higher semiconductor equipment shipments and a weaker yen. However, a 460% rise in oil imports from America and an increase in overall import value prevented a reduction in the trade gap, with total imports amounting to 11.3 trillion yen, including a 900% surge in oil imports from the U.S.
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