Japan logs 2.38 tril. yen goods trade deficit in May, 2nd largest ever

Japan logged its second largest ever monthly goods trade deficit of 2.38 trillion yen ($17.7 billion) in May, remaining in the red for the 10th consecutive month mainly due to high commodity prices, the Finance Ministry said Thursday.The trade deficit in May widened from 839.2 billion in the previous month and was the second largest after a 2.80 trillion yen deficit recorded in January 2014, according to the ministry.The value of imports increased 48.9 percent to 9.64 trillion yen, shattering the highest figure on record for the third consecutive month, while exports rose 15.8 percent from …READ FULL ARTICLE