Saturday, February 25, 2012

Exporter Japan eyes first trade deficit in 3 decades

A worker stands on a ship in front of a cargo ship at a port in TokyoTOKYO (Reuters) - Japan probably produced its first trade deficit last year in more than three decades as energy imports surged to cover for the loss of nuclear power following the Fukushima disaster, a major blow to an economy built on its exports prowess. For decades Japan used an exports-orientated economic policy to build up global brand names such as Toyota, Sony and Canon and a manufacturing might that was the envy of the world. ...


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