Japan’s first trade deficit since 1980 raises debt doubts (Reuters)

25th January 2012   ·   0 Comments

TOKYO (Reuters) – Japan first annual trade deficit in more than 30 years calls into question how much longer the country can rely on exports to help finance a huge public debt without having to turn to fickle foreign investors. The aftermath of the March earthquake raised fuel import costs while slowing global growth and the yen’s strength hit exports, data released on Wednesday showed, swinging the 2011 trade balance into deficit. Few analysts expect Japan to immediately run a deficit in the current account, which includes trade and returns on the country’s huge portfolio of investments abroad.

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Japan’s first trade deficit since 1980 raises debt doubts
(Reuters)

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