• Kyodo

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Japan logged a current account deficit of ¥370.8 billion ($3.2 billion) in December, its first red ink in 18 months, due to higher energy import costs, government data showed Tuesday.

The country’s current account balance, one of the widest gauges of international trade, turned red from a ¥1.1 trillion surplus a year earlier, marking the first deficit since that of ¥14.3 billion recorded in June 2020, according to a preliminary report released by the Finance Ministry.

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