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flag Japan faces a trade deficit and rising recession risks as export growth slows and imports drop.

flag Japan's export growth slowed in April, declining to 2% in value from a year ago, down from March's 4% growth, due to US tariffs. flag Imports dropped by 2.2%, mainly due to decreased coal and crude oil imports. flag This led to a trade deficit of ¥115.8 billion ($797 million), reversing the previous two months' surplus. flag The slowdown, coupled with a contracting economy, raises recession risks for Japan.

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