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Japan logs record trade deficit

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Tokyo — Japan posted a trade deficit of 2.79 trillion yen ($27.3 billion) in January, its largest ever monthly trade loss, amid growing fossil-fuel imports, the government said today. 

A container ship sits berthed next to gantry cranes at a shipping terminal in Tokyo on Wednesday.

Japan's imports jumped 25% from a year earlier, to a record 8.04 trillion yen, while the value of exports rose 9.5% to 5.25 trillion yen, the Finance Ministry said in a preliminary report.

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