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Japan logs $3.7 billion trade deficit in March


Japan's trade deficit more than quadrupled on year to $3.7 billion in March, government data showed Thursday, as a weaker yen inflated import costs.

The monthly trade deficit expanded to 362.4 billion yen from the year-before shortfall of 81.8 billion yen, finance ministry data showed.

The heavy deficit was still smaller than 480 billion yen economists predicted in a poll by the Nikkei business daily.