TOKYO : Japan ran a trade deficit for the 11th straight month in June as high energy and other commodity costs pushed up imports, highlighting growing economic pressures from a sharply declining yen and global inflation.
"Import volumes outpaced export volumes across Q2 so net trade should have been a small drag on Q2 GDP growth," said Marcel Thieliant, senior Japan economist at Capital Economics. Shipments bound for the United States, the world's largest economy, gained 15.7 per cent in June, thanks to stronger exports of medical products.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: