Japan trade deficit surges on-year to $8.1bn in June
Japan's trade deficit more than quadruple year-on-year in June with exports sagging while imports grow - by Toru Yamanaka
The deficit stood at 822.2 billion yen ($8.1 billion) in June, ballooning from a year-earlier deficit of 180.5 billion yen and blowing past market expectations for a deficit of 684.7 billion yen.
Exports fell 2.0 percent year-on-year to 5.94 trillion yen while imports rose 8.4 percent to 6.76 trillion yen.
Japan's imports have jumped in the wake of the Fukushima nuclear accident in 2011 when the country shut down its atomic reactors and turned to pricey fossil-fuel imports to plug its energy gap.
Nuclear once supplied more than one quarter of the resource-poor country's energy.
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