Japan’s imports continued to surge, driven by soaring energy prices and a weaker yen, extending a sequence of trade deficits to an eighth-straight month as export gains slowed.
Imports jumped 31.2% from a year ago on higher oil, coal and gas prices, compared with a 28.9% rise forecast by analysts. A stronger expansion of chipmaking shipments supported continued gains in exports, but a fall in auto shipments dragged on the pace of gains.
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