Wednesday, September 3, 2014   

Japan trade deficit balloons to US$27b
(02-20 10:15)

Japan's trade deficit swelled in January to another monthly record, data show, as once-bumper surpluses disappear under the weight of soaring post-Fukushima nuclear disaster energy bills, an imbalance driven by premier Shinzo Abe's cheap-yen policies.
The 2.79 trillion yen (US$27.3 billion) shortfall also underscored a boost in purchases of foreign goods ahead of an April sales tax rise, analysts said, as fears grow that the raise will derail a recovery in the world's third-largest economy.—AFP

   
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More breaking news >>

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