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المشهد العربي
Japan's trade deficit widens with increased imports and exports
Japan experienced an unprecedented rise in imports in July, with their value exceeding expectations to reach a record high. This led to a 306% increase in the trade deficit, reaching 634.5 billion yen, despite revised forecasts lowering the projection to 680 billion yen. The rise in oil and energy prices, along with the weakening yen, pushed crude oil imports back to higher levels, with imports increasing by 5.5% in volume and 87.8% in value. Additionally, Japanese exports reached a record level, driven by growing global demand for electronic chips and semiconductor equipment. This reflects an improvement in the economy's performance despite the widening trade deficit.
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