Jan 29, 2016

Mitsui O.S.K. expects to sink into red ink for business 2015

Shipping giant Mitsui O.S.K. Lines Ltd. said Friday it will fall into the red in the business year ending in March after incurring huge restructuring costs amid deteriorating profitability on sluggish demand linked to China’s economic slowdown. The company is forecasting a consolidated net ...

Dec 17, 2015

Japan's trade deficit narrows but exports remain weak

The nation’s trade balance narrowed last month, but exports fell again, official data showed Thursday. The slump was acute regarding shipments to China. The disappointing export figures underscore concerns about China’s growth, despite signs of a modest pickup in the Japanese economy. The finance ...

October trade deficit narrows on 10% surge in exports

Nov 20, 2014

October trade deficit narrows on 10% surge in exports

The trade deficit narrowed sharply in October, data showed Thursday, as a weaker yen boosted exports while lower oil prices brought down Japan’s massive energy bill. The figures marked a bright spot among otherwise gloomy recent data, including GDP figures earlier this week that ...

Aug 8, 2014

Japan logs largest six-month current account deficit ever

Japan logged a current account deficit of ¥507.5 billion in the first half, the biggest for any six-month period on record, government data showed Friday, underscoring its diminishing ability to earn money abroad. It was also the first time since officials started compiling comparable ...

Current account runs up biggest deficit ever

Mar 10, 2014

Current account runs up biggest deficit ever

Japan posted a record current account deficit in January, marking four straight months of red ink for the first time as soaring demand for energy and the weakening of the yen triggered a surge in import costs, the Finance Ministry said Monday in a ...

Trade deficit swells to record ¥2.79 trillion on surging imports

Feb 20, 2014

Trade deficit swells to record ¥2.79 trillion on surging imports

The nation’s trade deficit swelled in January to another monthly record, data showed Thursday, as once-bumper surpluses disappear under the weight of soaring post-Fukushima energy bills, an imbalance driven by Prime Minister Shinzo Abe’s cheap-yen policies. The ¥2.79 trillion shortfall also underscored a boost ...

Jan 14, 2014

Current-account gap widens to record on weak yen

As imports climbed, the nation’s current-account deficit widened to a record in November, underscoring challenges for Prime Minister Shinzo Abe as he tries to drive a sustained economic rebound. The ¥592.8 billion shortfall in the widest measure of trade, reported by the Finance Ministry ...

Dec 9, 2013

Fuel costs yield deficit in current account

The current account balance logged its first deficit in nine months in October as a surge in fuel imports more than offset increases in exports and direct investment income, government data showed Monday. The deficit in the balance, one of the widest gauges of ...

Jul 31, 2013

Deficit cut mulled as sales tax debate intensifies

The Abe administration is considering an ¥8 trillion target for budget-deficit cuts over the next two years as officials debate how to proceed with the planned consumption tax increases that threaten to take the wind out of the economic rebound. The possible target is ...