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Japan posts record $112 Billion trade deficit in 2013

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TOKYO — Japan’s trade deficit surged 65 percent in 2013 to a record 11.47 trillion yen ($112 billion), as rising costs for imports outstripped growth in exports. Provisional data show exports rose 9.5 percent to 69.8 trillion yen ($680.9 billion), while imports jumped 15 percent to 81.3 trillion yen ($793.2 billion). Japan’s trade deficit in 2012 was 6.94 trillion yen. The deficit has been rising as costs for imports have surged with the weakening of ...

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