Japan's June imports hit a record 11.3 trillion yen as oil prices surged 59.3%, widening the trade deficit and complicating BOJ monetary policy

Exports climbed 19.3%, while imports spiked 25.3% compared to June last year.

Japan has recorded a trade deficit in June, according to government data, as the higher price of oil imports has helped cause the second straight month of red ink.

The Bank of Japan is widely expected to leave interest rates unchanged. Read more at straitstimes.com. Read more at straitstimes.com.

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Japan's June imports hit a record 11.3 trillion yen as oil prices surged 59.3%, widening the trade deficit and complicating BOJ monetary policy