Japan’s exports jump 17% in May, but logs a deficit as imports surge

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TOKYO (AP) — Japan recorded a trade deficit in May, the first in four months, as imports of electrical machinery surged, helping to offset a jump in exports, the Finance Ministry reported Wednesday. Preliminary data showed Japan’ s exports rose 17% in May from the same month last year to 9.51 trillion yen ($59.4 billion), while imports rose 12.5% to 9.89 trillion yen ($61.8 billion). That left a deficit of 378.6 billion yen ($2.4 billion). Oil and gas imports fell 1.8% year-on-year due to the

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