Japan's Trade Deficit Swells for Fourth Month Amid Global Oil Price Surge

Japan's trade deficit has been growing for four months in a row. Last month, it reached ¥1.1 trillion ($7 billion) due to high oil prices caused by conflicts in the Middle East.

The country's imports surged as a result of rising crude oil costs. Japan relies heavily on imported oil to fuel its economy.

Oil prices have been increasing globally due to tensions in the region, affecting Japan's balance of trade.