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Japan's trade falls into red for 1st time in 3 years

Deficit tops 55.3bn yen in December as exports fall 3.8% on year

New cars await export at a port in Yokohama, Japan.

TOKYO (Kyodo) -- Japan logged a goods trade deficit of 1.20 trillion yen ($11 billion) in 2018, government data showed Wednesday, the first red ink in three years as the cost of energy imports surged.

Imports rose 9.7 percent from a year earlier to 82.69 trillion yen, outpacing a 4.1 percent increase in exports to 81.49 trillion yen.

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