Japan’s import bill reached an all-time high in July, driven by higher oil prices, to a total of $76.39 billion. This was up by 27.8% from July 2025, Reuters reported, citing import and export data. In volume terms, Japan’s crude oil imports ticked up by 5.5% from a year earlier, but in price terms, the oil bill surged by 87.8%, breaking the previous record, set in June. “The recovery in crude volumes, combined with persistently high oil prices and larger shipments of pricier US crude, has been
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