Japan in largest-ever trade deficit

TOKYO: Figures released this week show that the world's second largest economy exports plunged more than 45 percent in January.

Japan, which is the second largest market for Botswana's diamonds, posted a trade deficit of 952.6 billion yen ($9.92 billion) in January - reportedly its largest ever - as exports continue to drop at a faster pace than the fall in its imports.

However, according to media reports here, the deficit was lower than the 1.13 trillion yen expected by economists.

Editor's Comment
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