09/09/2022
Japan likely recorded its biggest trade deficit in nearly nine years in August as the yen's plunge to 24-year-lows swelled import costs, a Reuters poll showed on Friday.
The sharp slump in the yen has triggered fresh verbal warnings from Japanese policymakers this week, while economists have said the currency depreciation could push Japan's core inflation to around 3% by year-end, squeezing households' purchasing power.