Japan August imports jump as higher oil prices lift costs
Japan posted a large increase in August imports due to higher oil prices and energy costs. Exports rose for a twelfth straight month on strong semiconductor demand. The trade data reinforces expectations that the Bank of Japan will raise interest rates.
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Japan posted a 28% jump in August imports, reaching the largest increase in nearly four years as higher energy costs widened the trade deficit to 1.106 trillion yen ($7.12 billion).
