Here's a great BBC News story about Japan's record high trade deficit in 2012.
HERE.
It's the second year in a row that the trade deficit has gone down in Japan which has caused major concern for the country after 30 consecutive years of trade surplus.
Chief factors include lower trade with Europe and China.
Causes - squabbles with China over some islands and Europe... I'm still guessing that everyone is wary about buying Japanese products for fear of getting contaminated.
Also... a lot of businesses in Japan were affected by the March 11, 2011 earthquake, tsunami and near nuclear meltdowns, and so production was lower.
With bans on products from Japan due to radiation contamination - Japan suffered. As well... with a damaged infrastructure after the disasters, Japan is spending a lot of money it doesn't have to get the country (northeastern part) fixed up...
And... with a worldwide recession - people are buying less.But Japan needs more. Deficit.
Ugh... I'll be back to normal with articles in a day. I've been playing too much Epic Mickey 2 on the Play Station 3. You're welcome Sony. Easy game to play with tough challenges! Sound like Japanese economics.
Cheers
Andrew Joseph
HERE.
It's the second year in a row that the trade deficit has gone down in Japan which has caused major concern for the country after 30 consecutive years of trade surplus.
Chief factors include lower trade with Europe and China.
Causes - squabbles with China over some islands and Europe... I'm still guessing that everyone is wary about buying Japanese products for fear of getting contaminated.
Also... a lot of businesses in Japan were affected by the March 11, 2011 earthquake, tsunami and near nuclear meltdowns, and so production was lower.
With bans on products from Japan due to radiation contamination - Japan suffered. As well... with a damaged infrastructure after the disasters, Japan is spending a lot of money it doesn't have to get the country (northeastern part) fixed up...
And... with a worldwide recession - people are buying less.But Japan needs more. Deficit.
Ugh... I'll be back to normal with articles in a day. I've been playing too much Epic Mickey 2 on the Play Station 3. You're welcome Sony. Easy game to play with tough challenges! Sound like Japanese economics.
Cheers
Andrew Joseph
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