Japan’s trade numbers hit record highs—but at a steep cost. July saw a massive trade deficit of over 634 billion yen ($4 billion) as imports surged 28% and exports climbed 23%, fueled by skyrocketing energy prices and a weak yen. While exports—especially cars and tech—remain strong, soaring import costs are squeezing the economy. A weaker yen boosts foreign earnings for exporters like Toyota but inflates expenses for essentials like oil and food. Government efforts to stabilize the yen and economy have so far fallen short, yet current leadership remains steady with no elections looming and solid public approval. Japan moves more goods than ever, but rising costs and global volatility are creating serious financial strain.
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