Japan reports $2.49B trade deficit in June

Japan experienced a trade deficit of $2.49 billion in June, surpassing analysts' expectations of 120 billion yen and compared to a deficit of 391.8 billion yen in May. Exports increased by 19.3% to 10.9 trillion yen, while imports rose by 25.4% to 11.3 trillion yen. This comes amid rising import prices and increased demand for foreign goods, leading to a decline in the trade balance.

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