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TOKYO—Japan managed to register a second straight month of trade surplus in July, but the drop in exports accelerated somewhat due to the strong yen and falling global demand, casting a shadow on the country's still-fragile economic recovery.
Again signaling the government's worries over the yen, which continues to trade near its record high level to the detriment of exports, Finance Minister Yoshihiko Noda said Thursday he "will closely watch" the currency.
Last month's surplus in trade of goods totaled ¥72.5 billion ($946 million), not adjusted ...
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