Seeking Alpha

More on Japan trade: Deficit almost doubles to hit record

  • Japan's trade deficit nearly doubled to a new high of ¥11.5T ($113B) in 2013, pulled upwards by the weak yen and increasing energy imports because of a shutdown of the country's nuclear industry.
  • Japan enjoyed surpluses for three decades until the Fukushima meltdown in 2011.
  • "It's hard to anticipate when Japan can emerge from trade deficits at this point," says economist Takeshi Minami. High energy costs could discourage companies from having production centers in Japan "and undermine Abenomics.
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Comments (3)
  • too little, too late as Paul explained
    27 Jan, 10:46 AM Reply Like
  • Getting the nuclear reactors back online is priority number 1.
    27 Jan, 12:15 PM Reply Like
  • Natural gas shipments from pacific ports may help.
    27 Jan, 03:45 PM Reply Like
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