Tag Archives: trade deficit

Japan posts first-ever trade deficit with EU

Japan has posted its first-ever trade deficit with the EU, underlining the threat to the recovery of the world’s third-largest economy posed by the debt crisis roiling Spain and Greece.

Big deficits have opened up all over Japan’s trade account since March last year when the Fukushima nuclear crisis caused imports of replacement fuels to soar, while the strong yen and uncertain global demand weighed on exports.

In recent months, however, Japan’s trade with the EU has deteriorated sharply. In May, Japanese shipments to the EU fell 0.9 per cent compared with the same period a year ago, even as they surged 38 per cent to North America.

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Japan Trade Deficit dipped $8.5 Billion in the red during April

Japans trade balance dipped 700 billion yen $8.5 billion into the red in April, the largest deficit since the financial crisis, according to the median estimate of research institutions polled by a Nikkei Inc group firm, the Nikkei business daily reported.

All the institutions polled expect the Japanese finance ministry to report a trade deficit for April on Wednesday, with estimates of the size of the deficit ranging from 206 billion yen to 1 trillion yen, the paper said. 

Read the rest of the story: Japan Economy: Japans Trade Deficit Slumped to $8.5 Billion in April.