Japan's July trade deficit soars
Tokio - SPA
Japan's trade deficit in July soared to 1.02 trillion yen ($10.5 billion) year-on-year due largely to surging imports, the government reported Monday, according to UPI. The July trade gap was nearly double the deficit of 5.28 trillion yen in the same month of last year. The Finance Ministry reported on its website July imports jumped 19.6 percent year-on-year to 6.98 trillion yen. The import figures more than offset July's exports, which rose an impressive 12.2 percent year-on-year 5.96 trillion yen.
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