(MENAFN- Qatar News Agency) Kyo may 21 (qna) - japan's goods trade deficit shrank in april for the first time in 20 months the government said wednesday underscoring that the first consumption tax hike in 17 years weighed on domestic demand and reduced the pace of import growth.
the country's trade deficit stood at 808.9 billion yen last month registering the 22nd straight month of red ink but contracting 7.8 percent from a year earlier the finance ministry said in a preliminary report.
the value of imports rose 3.4 percent to 6878.1 billion yen up for the 18th consecutive month with those of liquefied natural gas soaring 11.0 percent japan's (kyodo) reported.
the pace of growth was much smaller than the 18.1 percent increase in march. (qna)
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