Japan Posts First Trade Deficit Since 1980–MarketWatch
Japan posted its first trade deficit since 1980, according to MarketWatch The financial site reports Japan posted its first annual trade deficit since 1980, with the Ministry of Finance reporting Wednesday a 205.1 billion yen ($2.63 billion) trade gap for…
Japan posted its first trade deficit since 1980, according to MarketWatch
Japan posted its first annual trade deficit since 1980, with the Ministry of Finance reporting Wednesday a 205.1 billion yen ($2.63 billion) trade gap for December, wider than a ¥150.5 billion forecast from a Dow Jones Newswires survey. Exports for December fell 8% from a year earlier, a larger drop than forecast falls of 7.9% and 7.5% from Reuters and Dow Jones Newswires, respectively. Imports rose 8.1% year-on-year. For all of 2011, Japan’s trade deficit total ¥2.49 trillion
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