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MENAFN - Qatar News Agency - 20/02/2013

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(MENAFN - Qatar News Agency) Japan registered its biggest ever trade deficit of 1,629.4 billion yen (17.40 billion) in January as costs of fossil fuel imports surged with the yen sliding sharply despite a moderate recovery in exports, the government said Wednesday.

The value of imports rose 7.3% year on year to 6,428.6 billion yen, up for the third straight month, as oil product and liquefied natural gas imports jumped 33.7% and 11.4%, respectively, the ministry said in a preliminary report, adding the deficit was the largest among comparable figures available since January 1979.

The deficit with China, the biggest trading partner for Japan, marked a record 654.6 billion yen, against a backdrop of rising imports of communication devices such as smartphones and electronic parts including semiconductors, according to (Kyodo) news agency.

 






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