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 ...

Apr 19, 2013

Record trade deficit in 2012

Japan logs a record-high ¥8.17 trillion trade deficit for fiscal 2012 as the Senkakus clash with China and Europe’s debt crisis stifled exports.