SHAFAQNA Turkey’s and Japan’s trade deficit narrowed more than expected in December, indicating that the impact of a weaker yen and higher energy prices is beginning to ease.
The trade deficit fell below two trillion yen for the first time in 5 months to 1.45 trillion yen ($11.3 billion), the Treasury Department said on Thursday. While imports increased 20.6 percent from last year, slowing growth more than economists estimate, exports rose 11.5 percent.
The share of imports of crude oil and liquefied natural gas in December decreased compared to November’s annual increase. Exports to Europe rose while deliveries to China fell for the first time in seven months since car shipments fell.
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