Monday, June 20, 2011

Japan Posts Deep Trade Deficit in May

TOKYO?Japan posted a ?853.7 billion (US$10.66 billion) trade deficit in May, the government said on Monday, the biggest shortfall in nearly two and a half years, as the impact of the March 11 earthquake and tsunami continues to inhibit a recovery in the nation's economy.

The figure follows a revised gap of ?464.8 billion in April and was the largest since a record ?967.94 billion deficit in January 2009 amid the global financial crisis. It compared with a ?744 billion ...

Source: http://feeds.wsjonline.com/~r/wsj/xml/rss/3_7011/~3/BDhUbSz7Cfo/SB10001424052702303936704576396432646502512.html

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