Japan posts its first trade deficit in more than three decades
A truck carrying a container leaves the Tokyo port on 20 February 2012. Japan posted a record trade deficit in January. (Photo: AAP)

Author: Kozo Kiyota, YNU

The Japanese Ministry of Finance announced on 25 January that the country logged a trade deficit of 2.5 trillion yen (US$31.4 billion) in 2011, its first in more than three decades.

Japan’s imports rose 12 per cent while its exports fell 2.7 per cent compared with the previous year. Read more…