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Japan Logs 1st Trade Surplus in Nearly 3 Years

Japan posted its first monthly trade surplus in nearly three years in March thanks to falling import costs from cheaper oil prices, along with a modest recovery in exports. But the stronger-than-expected surplus is unlikely to persist, analysts said. Japan relies on imports for virtually all of its oil, gas and coal. Oil prices already have begun to recover from the trough of below $50 they hit earlier this year and have yet to be reflected in Japan's imports. "What's...

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