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Tokyo in first trade deficit since 1980
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Topic: Tokyo in first trade deficit since 1980 (Read 293 times)
nofakenews
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Tokyo in first trade deficit since 1980
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April 22, 2009, 06:45:35 PM »
Japan last year suffered its first trade deficit for almost 30 years, figures out today showed, but the bad news was tempered by signs that the export slump may be bottoming out.
The finance ministry said the trade balance had plummeted to a deficit of ¥725.3bn (£5bn) in the year to the end of March - the first annual loss since 1980 when soaring oil prices ate into Japanese export earnings.
http://www.guardian.co.uk/business/2009/apr/22/japan-trade-deficit
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