• Kyodo

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Japan’s trade deficit in fiscal 2015 through March plunged 88.2 percent from a year earlier to ¥1.08 trillion ($9.9 billion), helped largely by a fall in the cost of crude oil imports, the government said Wednesday.

The value of exports fell 0.7 percent for the first decline in three years to ¥74.12 trillion, while that of imports dropped 10.3 percent to ¥75.20 trillion, the Finance Ministry said in a preliminary report.

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