Japan's Trade Deficit Widens on Drop in Car Exports, Oil Imports
- Sales of vehicles fell to both the U.S. and Europe in January
- Energy costs rose as OPEC curbed output and coal prices rose
Japan Slumps Into a Larger-Than-Expected Deficit
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Japan posted a bigger-than-forecast trade deficit in January as auto exports declined and energy import costs increased.
Economists cautioned against reading the single month’s figures negatively, noting that global demand should support Japanese exports this year.