Japanese Trade Surplus Declines
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Reuters
Japan was hit with more hard evidence of a worsening economy when government figures showed the trade surplus sank 57.9% in July from a year earlier.
The customs-cleared surplus stumbled to 420.7 billion yen ($3.49 billion) in July, down from 1 trillion yen in the same month last year, the Ministry of Finance said.
The trade surplus with Japan’s largest trading partner, the United States, fell 0.5% year-on-year to 618 billion yen.
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