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)
  • thodoris91
    , contributor
    Comments (61) | Send Message
     
    too little, too late as Paul explained
    27 Jan 2014, 10:46 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (11063) | Send Message
     
    Getting the nuclear reactors back online is priority number 1.
    27 Jan 2014, 12:15 PM Reply Like
  • Darren McCammon
    , contributor
    Comments (3580) | Send Message
     
    Natural gas shipments from pacific ports may help.
    27 Jan 2014, 03:45 PM Reply Like
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