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Japan Posts Worst November Trade Deficit on Record

Japan posted its worst November trade deficit on record Wednesday, as a weaker yen drove up the cost of imported oil and gas. The energy-starved country continues to rely on costly imported energy as most of its nuclear power plants remain closed following the 2011 nuclear crisis at the Fukushima plant. A sharp decline in the yen's value has made energy imports even more expensive. It has also led to more exports of Japanese goods, which became cheaper overseas. For the month,...

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