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Japan records highest ever trade deficit in 2013 due to surging fuel costs

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At the end of fiscal 2013, it was revealed by the Finance Ministry that Japan’s trade deficit had increased nearly 70 percent from the last year, amounting to a record 13.75 trillion yen (around US$134 billion) in the country’s third straight year of the economy being in the red. In 2013, Japanese exports failed to […]

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