Japan posts record 21.73 tril. yen trade deficit for FY 2022

Japan's trade deficit roughly quadrupled to a record 21.73 trillion yen ($160 billion) in fiscal 2022 ended March, as increased energy costs and a weaker yen led imports to grow far more than exports, the Finance Ministry said Thursday.Imports jumped 32.2 percent from a year earlier to 120.95 trillion yen, while exports increased 15.5 percent to 99.23 trillion yen. Japan remained in the red for a second straight year, with both figures the highest since comparable data became available in fiscal 1979.The trade deficit of 13.76 trillion yen registered in fiscal 2013 was previously the highes…READ FULL ARTICLE