- Japan posted a record trade deficit in August as costs for imports of oil and gas soared, the government reported Thursday.
- The 2.82 trillion yen ($19.6 billion) deficit, the 13th in a row, was triple the deficit logged in the same month a year earlier.
- Japan’s currency, the yen, has weakened sharply against the U.S. dollar as the Federal Reserve has raised interest rates to counter inflation.
Japan logs record August trade deficit on weak yen, costly oil
