• Kyodo

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Japan logged a record trade deficit of ¥684.7 billion in November as exports continued to suffer from the flooding in Thailand and fears of a global economic downturn lingering from the sovereign debt crisis in Europe, the Finance Ministry said Wednesday in a preliminary report.

A deficit in goods trade was logged for the second straight month. Exports dropped 4.5 percent from a year earlier to ¥5.19 trillion for the second consecutive monthly slide, while imports grew 11.4 percent to ¥5.88 trillion, the 23rd consecutive month of gain, on growing domestic energy consumption, the report said.

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