Japan's digital trade deficit heads for record high of over $39bn

Country embraces services from Google, Netflix but new value creation lags

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Major foreign technology companies have played a large role in Japan's digital shift. (Photo by Yuji Murakami)

HATSUKI SATO, Nikkei staff writer

TOKYO -- Japan's imports of digital-related services are on track to exceed exports by more than 6 trillion yen ($39 billion) in 2024, an annual record, underscoring the need for companies to create more value from their costly digital transition.

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