Japan logs record trade deficit in January
February 25th, 2009 - 11:18 am ICT by IANSTokyo, Feb 25 (DPA) Japan logged the largest trade deficit on record in January as the global recession slowed exports, the finance ministry said Wednesday.
The nation’s trade deficit totalled 952.6 billion yen ($9.97 billion) in January.
The trade balance showed a deficit for four months in a row, and the largest since the government began taking the data in January 1979.
In January, exports fell 45.7 percent to 3.48 trillion yen from the previous year, and imports dropped 31.7 percent to 4.44 trillion yen, the ministry said.
With the US, Japan’s surplus shrank 75.3 percent to 132.8 billion yen. Exports fell by 52.9 percent to 571.7 billion yen, and imports from the country by 35 percent to 438.9 billion yen.
With China, Japan’s trade deficit expanded to 562.7 billion yen from 350.1 billion yen. Exports tumbled 45.1 percent to 512.1 billion yen, while imports dropped 16.2 percent to 1.07 trillion yen, the ministry said.
- Japan books trade surplus - Mar 22, 2012
- Japan posts first annual trade deficit in 31 years in 2011 - Jan 25, 2012
- Japan's exports fell in October - Nov 21, 2011
- Japan's April trade deficit expands - May 23, 2012
- Japan's exports fall in November - Dec 21, 2011
- Japan's central bank holds key rate steady - Dec 21, 2011
- Japan logs trade surplus in August, exports shrink - Sep 24, 2009
- Japan's current-account surplus rose 76.9 percent in November - Jan 12, 2010
- China's September trade surplus drops - Oct 13, 2011
- European Union-India trade flow shows upward trend - Apr 21, 2011
- Japan's consumer prices drop a bit in December - Jan 28, 2012
- Japan's fiscal-year current account surplus falls - May 10, 2012
- India's exports up 10.1 percent to $25.4 bn in January - Feb 09, 2012
- Japan records biggest fiscal year trade deficit (Lead) - Apr 19, 2012
- China's exports rise to $173 bn in August - Sep 10, 2011
Tags: 1 billion, china japan, dpa, finance ministry, four months, global recession, logs, previous year, record trade deficit, tokyo, trade balance, trillion, yen