Japan's trade deficit tumbles 47.3% on-year in Feb

10:46 AM | 18 Mar, 2015
Japan's trade deficit tumbles 47.3% on-year in Feb
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TOKYO (APP) - Japan's trade deficit nearly halved year-on-year in February as lower oil prices helped reduce the cost of imports, official data showed Wednesday.

The monthly deficit came in at 424.6 billion yen ($3.5 billion), down 47.3 percent from a year ago and well below the median forecast of 1.0 trillion yen in a survey by the Nikkei business daily.