Japan Reports Trade Deficit for 12th Month as Yen's Slide Peaks – Bloomberg

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The yen’s drop to a 24-year low versus the dollar in July made imports more expensive while making exports cheaper. 

Japan’s trade deficit hit a record high in July as the impact of soaring commodities and the yen’s 24-year low added to the headwinds for the nation’s economic recovery.
The trade deficit widened to 2.13 trillion yen ($15.9 billion) on a seasonally adjusted basis, the finance ministry reported Wednesday, extending the sequence of shortfalls to a 14th month. The trade balance has been in the red for the longest continuous streak since 2015. 

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