International Tokyo News Group, Newport Group | Japan
Posts Back-to-Back Current-Account Deficit in December
international tokyo news group, newport group
Japan posted back-to-back monthly current-account deficits for the first time since 1981,
highlighting...
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International Tokyo News Group, Newport Group | Japan
Posts Back-to-Back Current-Account Deficit in December
international tokyo news group, newport group
Japan posted back-to-back monthly current-account deficits for the first time since 1981,
highlighting challenges for Prime Minister Shinzo Abe’s campaign to revive the economy.
The shortfall in the widest measure of the nation’s trade was 264.
1 billion yen ($2.
8 billion) in
December, the Ministry of Finance said in Tokyo today.
The median estimate of 23 economists
surveyed by Bloomberg News was for a deficit of 144.
2 billion yen.
Weakness in global demand, a spat with China and increased energy imports because of nuclear
plant shutdowns are weighing on the world’s third-biggest economy as Abe pushes the Bank of
Japan to end deflation and spur growth.
The yen’s slide against the dollar is offering the prospect
of an export revival.
“It will be three-to-six months before we see a substantial pick up in exports,” Takahiro Sekid
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