Thursday, January 24, 2013

Japan Posts Largest Ever Trade Deficit of £49 Billion in 2012 as Exports Suffer


Japan has posted a record-high trade deficit for 2012, as the country's exports were hit by lower demand from crisis-hit Europe and a political row with China.
The annual trade gap rose to 6.9tn yen ($78bn, £49bn, €59bn) as against the 2.6tn deficit recorded in 2011, according to Japan's Ministry of Finance.
Yearly exports declined by 2.7 percent to 63.7tn yen, while... (Continue Reading)

No comments:

Post a Comment