Japan logged a trade deficit for a 16th straight month in November as imports surged to a record level, while subdued growth in exports to China fanned concern about how COVID disruptions there could impact other economies.
The trade deficit came in at 2 trillion yen - the fourth month in a row it has hit that level or more.
Exports grew 20%, in line with estimates and also hitting a record, led by U.S. demand for cars and mining machinery. "What caught my eye was continued weak exports to China," said Takayuki Miyajima, senior economist at Sony Financial Group.
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