Thursday May 24, 2012

JAPAN NEWS AND DISCUSSION

Japan's current account surplus down 85.5% in November

Business Jan. 12, 2012 - 10:30AM JST ( 5 )

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5 Comments

2

MaboDofuIsSpicyJan. 12, 2012 - 11:20AM JST

If the ¥ was not strong, fuel would have cost more. Any news out there on harnessing tidal power to create electricity?
0

some14someJan. 12, 2012 - 11:21AM JST

still retaining 3rd position in world economy or lost to India?
-4

Patrick HattmanJan. 12, 2012 - 11:27AM JST

All those people calling for the suspension of all nuclear power generation at the earliest date need to take a reality pill.

The increased fuel imports and the costs are going to hurt Japan's floundering economy for quite some time to come.

I guess they believe that some breakthroughs for alternatives to make up for the nuclear power lost are just around the corner.

I understand people's concerns over this power source in Japan. It goes without saying that the concerns have been magnified many times over by the 3/11 disasters.

But this news is just more trouble for an economy that desperately needs the opposite-some significantly positive numbers.
0

theResidentJan. 12, 2012 - 11:45AM JST

@some14some: I believe India is the 9th or 10th biggest economy in the world measured by GDP - still quite a way to go to catch up with Japan. Sure we will see it on our lifetimes, but not quite yet.
-2

globalwatcherJan. 12, 2012 - 12:49PM JST

Japan has fallen into a trade deficit due to (1) higher prices of fuel as well as a (2) slowdown in global demand and a (3) strong yen, which has further hampered exports.

I agree with (2) and (3) but do not agree with (1) as the commodity are usually $ based.