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Japan trade deficit soars on weak yen, high oil prices

Por: Associated Press Business December 15, 2022

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TOKYO (AP) — Japan’s trade deficit surged to over 2 trillion yen ($15 billion) in November as higher costs for oil and a weak yen combined to push imports sharply higher. It was the 16th straight month of red ink and a record high for the month of November. The country will likely post a record deficit for the year. The deficit for November was double that for the same month the year before. Exports rose 20% to 8.8 trillion yen ($64 billion)... + full article



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