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 ...

Electric car runs record-setting 1,300 km on one charge

Nov 15, 2013

Electric car runs record-setting 1,300 km on one charge

A Japanese team set a world record Friday for distance traveled by an electric vehicle on a single battery charge, running 1,300 km on a course in Akita Prefecture. The four-driver team included Kenjiro Shinozuka, 64, who in 1997 became the first Japanese driver ...