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Japan racks up trade deficit as imports balloon due to cheap yen

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Japan’s trade deficit in April grew nearly 8 percent from a year earlier as the weak yen boosted the value of imports, offsetting gains from a jump in exports, government data showed Wednesday.
Exports totaled 8.98 trillion yen ($57 billion), while imports totaled 9.4 trillion yen ($60 billion), both up 8 percent from the previous year, the Ministry of Finance said. The trade deficit for the month came out to 462.

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