• Kyodo

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Japan posted a record current account deficit in January, marking four straight months of red ink for the first time as soaring demand for energy and the weakening of the yen triggered a surge in import costs, the Finance Ministry said Monday in a preliminary report.

The deficit in the balance, one of the widest gauges of international trade for a country, stood at ¥1.589 trillion ($15.427 billion), the largest since comparable data became available in 1985, highlighting Japan’s diminishing ability to earn money from abroad.

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