Comment on Japan trade deficit widens, exports up slightly

Japan trade deficit widens, exports up slightly

Japan's demand for imports has moderated in recent months as business slowed following an increase in the national sales tax. The economy contracted at a 6.8 percent annual rate in April-June, a setback largely attributed to the April 1 tax hike and to stepped-up purchases before the increase took effect, but is expected to recover later in the year.

 

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