Friday, April 25, 2014   

Japan November trade deficit balloons 35pc
(12-18 09:06)

Japan's November trade deficit expanded 35.1 percent from a year ago, official data showed.
Government figures showed that Japan logged a deficit of 1.29 trillion yen (US$12.6 billion) deficit last month, its worst figure for November.
The latest figure also marked the 17th straight month of deficit, the longest stretch in comparable data that go back to 1979.
Exports increased by 18.4 percent to 5.90 trillion yen largely backed by robust shipments of automobiles.
But imports soared 21.1 percent to 7.19 trillion yen, with hefty bills for oil and gas purchases.
Japan's energy imports surged after the 2011 Fukushima crisis forced the shutdown of nuclear reactors.—AFP

   
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