Economic Buzz: Japan?s trade deficit narrows sharply in July

Japan?s trade deficit fell to JPY 117.6 billion in July 2025 from JPY 628.3 billion a year earlier. Exports slid 2.6% year-on-year, the steepest drop since February 2021, as U.S. tariffs weakened overseas demand. Imports dropped 7.5%, helping narrow the trade gap despite ongoing export weakness.

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