Japan trade deficit hits record as yen weakens

BBC – Japan’s monthly trade deficit hit a record in January after its recent aggressive monetary policy stance weakened its currency sharply. Exports rose in January, the first jump in eight months, as its goods became more affordable to foreign buyers. However, a weak currency also pushed up its import bill resulting in a monthly trade deficit of 1.6tn yen ($17.1bn; £11.1bn), a 10% jump from a year ago. Japan’s deficit has also been impacted by an increase in fuel imports. Read Article

Source Article from http://openyoureyesnews.com/2013/02/21/japan-trade-deficit-hits-record-as-yen-weakens/

Views: 0

You can leave a response, or trackback from your own site.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes