• Kyodo

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Japan posted a record trade deficit of ¥11.47 trillion ($112.07 billion) in 2013, up 65.3 percent from the previous year, as the weaker yen and growing demand for energy drove up import costs, dwarfing a sharp expansion in exports, the government said Monday.

The previous record deficit was ¥6.94 trillion, set in 2012, the Finance Ministry said in a preliminary report, adding the balance of trade in goods posted red ink for the third straight year for the first time since comparable data became available in January 1979.

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