Japan posted a seasonally adjusted merchandise trade deficit of 1.152 trillion yen in January, the Ministry of Finance said on Wednesday.
That far surpassed expectations for a deficit of 2.142 trillion yen following the 113.5 billion yen surplus in December.
Exports jumped 16.8 percent on year to 9.187 trillion yen – beating forecasts for an increase of 12.0 percent following the 5.1 percent gain in the previous month.
Imports slipped an annual 2.5 percent to 10.340 trillion yen versus expectations for a gain of 3.0 percent following the 5.2 percent increase a month earlier.
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