Japan logs trade deficit in July for 12 months in row as imports rise

Japan posted a trade deficit of 1.44 trillion yen ($10.7 billion) in July against a backdrop of rising import prices driven by Russia's invasion of Ukraine and the yen's weakness, remaining in the red for the 12th straight month, government data showed Wednesday.Imports jumped 47.2 percent from a year earlier to 10.19 trillion yen, increasing for the 18th straight month and bringing the deficit to all-time high for July. Exports rose 19.0 percent to 8.75 trillion yen, up for the 17th month in a row.The values of imports and exports were both the highest since comparable data became availabl…READ FULL ARTICLE