Japan Posts Biggest November Trade Deficit as Imports Climb
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Japan reported the biggest November trade deficit on record as imports climbed 21.1 percent from a year earlier, supported by demand ahead of a sales-tax increase in April.
The shortfall of 1.29 trillion yen ($12.6 billion) reported today by the Ministry of Finance in Tokyo compared with the 1.35 trillion yen median estimate in a Bloomberg News survey of 32 economists. Exports climbed 18.4 percent, as shipments to China bounced back from a year earlier.