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Japan logs 1.75 bln USD trade deficit in May

Xinhua, June 17, 2015 Adjust font size:

Japan's trade deficit in May logged at 216.0 billion yen (about 1.75 billion U.S. dollars), down 76.5 percent from a year earlier, according to the government here on Wednesday.

The decline was attributed to the falling prices of crude oil that continued to push down imports, the government said, adding the red balance figure was due to a relatively slow growth of exports.

The world's third largest economy's export rose 2.4 percent from a year earlier to 5,740.5 billion yen, slower than an 8.0 percent expansion the previous month.

The value of imports dropped 8.7 percent to 5,956.4 billion yen, down for the fifth straight month on decreased energy-related imports including crude oil and liquefied natural gas, said the government. Endi