Japan: Trade balance deficit continues to widen as fuel imports soar

In October, nominal yen exports rose 18.6% over the same month last year, overshooting the 11.5% increase recorded in September. The increase exceeded the 16.5% rise that market analysts had expected and marked the largest gain since July 2010. In the 12 months up to October, exports were 5.9% above the level recorded in the same period last year (September: +3.8% year-on-year) and now sit at the highest point in over two years. 

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