Japan recorded a USD 2.34 billion trade deficit in May, its first in four months, despite exports rising 17%. Crude oil imports plunged 57.3% as Strait of Hormuz disruptions hit supplies, prompting Japan to boost fuel purchases from the United States.

Japan experiences USD 2.34 billion trade deficit in May, shortfall narrows 42.8% YoY

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Japan experiences USD 2.34 billion trade deficit in May, shortfall narrows 42.8% YoY