Japan logs worst monthly trade deficit for January

Business Feb. 20, 2013 - 01:30PM JST ( 7 )

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5

FrungyFeb. 20, 2013 - 02:03PM JST

Japan logged its worst ever monthly trade deficit in January despite an upturn in exports as the yen’s recent sharp drop pushed fuel costs higher, according to official data.

And this is the problem with messing around with the currency value. Sure it pushes exports up, but Japan is too reliant on other countries for everything from food to fuel, and in the end Japan ends up losing rather than gaining.
-2

YuriOtaniFeb. 20, 2013 - 02:44PM JST

Problem is Japan can not buy from other countries forever. We need to keep our own industry up. Once we start to export again things will be better.
-5

Knox HarringtonFeb. 20, 2013 - 02:50PM JST

Judging by recent events, I have come to the conclusion that... It's China's fault.
3

gaijinfoFeb. 20, 2013 - 03:27PM JST

Well, now that the whole "Let's weaken the Yen to boost exports" idea was a dud, what are they going to do now?
0

FadamorFeb. 21, 2013 - 12:32AM JST

Comparable data began in 1979.

Ahh, that explains the strange headline. I guarantee Japan's trade deficit was MUCH worse in 1946.
-1

jeff198527Feb. 21, 2013 - 02:57AM JST

You know how to solve this problem? Turn the nuclear power plants back on.
0

YuriOtaniFeb. 21, 2013 - 01:16PM JST

Do not blame mainland China as this is the work of the greedy corps.