Japan trade deficit increases

Source: Bloomberg
© Scanpix/Reuters
Unexpectedly Japan's exports in June went down, further expanding the nation's current trade deficit after the increase in sales-tax in April. Exports dropped 2% from the previous year, opposed to the forecast of an increase of 1%. Outward shipments also fell by 1.7% in volume, displaying the Yen's 16% decrease versus the Dollar since Japan's Prime Minister failed to boost exports.
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