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Economy
In reply to the discussion: STOCK MARKET WATCH - Monday, 20 February 2012 [View all]xchrom
(108,903 posts)50. Japan registers record deficit in January
http://www.aljazeera.com/news/asia-pacific/2012/02/20122204728418987.html
Japan has posted a record trade deficit in January, as fuel imports rose sharply following last year's Fukushima nuclear disaster and exports were hit by a stronger yen and a slump in demand in Europe.
According to data released on Monday, the January deficit touched 1,475bn yen ($18.5bn), the highest since the nation began record-keeping in 1979, the finance ministry said.
The latest figure was more than triple the year-before shortfall of 479.4bn yen and far exceeded the previous monthly record of 967.9bn yen in January 2009 during the financial crisis.
The record figure comes after Tokyo registered an annual trade deficit in 2011, its first in 31 years.
Japan has posted a record trade deficit in January, as fuel imports rose sharply following last year's Fukushima nuclear disaster and exports were hit by a stronger yen and a slump in demand in Europe.
According to data released on Monday, the January deficit touched 1,475bn yen ($18.5bn), the highest since the nation began record-keeping in 1979, the finance ministry said.
The latest figure was more than triple the year-before shortfall of 479.4bn yen and far exceeded the previous monthly record of 967.9bn yen in January 2009 during the financial crisis.
The record figure comes after Tokyo registered an annual trade deficit in 2011, its first in 31 years.
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