TOKYO: Japan reported a wider-than-expected trade deficit in February as an energy-driven surge in import costs added to vulnerabilities for the world's third-largest economy.
Imports surged 34 per cent in the year to February, Ministry of Finance data showed on Wednesday , above a median market forecast for a 28 per cent gain in a Reuters poll. February's deficit was, however, narrower than January's 2.19 trillion yen gap, which was the biggest in a single month in eight years.
Exports to the United States, the world's largest economy, grew 16 per cent in February, on stronger shipments of cars and semiconductor machinery.
Source: Energy Industry News (energyindustrynews.net)
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