Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Search of Air Algerie crash site continues

Read more

MEDIAWATCH

Sarkozy, Hollande and the scooter wars

Read more

MEDIAWATCH

Confusion online over Air Algérie flight

Read more

THE WORLD THIS WEEK

The World This Week - July 25th, 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - July 25th, 2014

Read more

REPORTERS

Halal tourism on the rise

Read more

ENCORE!

Tunisia's Carthage International Festival turns 50

Read more

FRANCE IN FOCUS

WWI Centenary: the battle for Verdun

Read more

THE BUSINESS INTERVIEW

When big companies want to do good

Read more

  • Limited 12-hour humanitarian truce takes effect in Gaza

    Read more

  • Video: 'Lack of security' at MH17 crash site, FRANCE 24 reports

    Read more

  • In pictures: Devastation, debris at Air Algérie crash site

    Read more

  • Paris march for Gaza to go ahead Saturday despite police ban

    Read more

  • Kerry due in Paris for new round of Gaza ceasefire talks

    Read more

  • Washington Post reporter and his wife arrested in Iran

    Read more

  • French families grieve for Algerian plane crash victims

    Read more

  • Lithuania’s Navardauskas wins 19th stage of Tour de France

    Read more

  • LA Times wipes France off the map in air crash infographic

    Read more

  • Fans electrify the mood as Tour de France crosses the Pyrenees

    Read more

  • French lawyer files complaint against Israel at ICC

    Read more

  • Protest against Gaza offensive turns deadly in West Bank

    Read more

  • Halal tourism on the rise

    Read more

  • Ukraine names acting PM after Yatseniuk's shock resignation

    Read more

  • BNP to pay $80 million for defrauding Dept of Agriculture

    Read more

  • Deadly strike on UN shelter in Gaza Strip

    Read more

  • Pope meets Christian woman sentenced to death in Sudan

    Read more

Business

With exports plunging, Japan posts trade deficit

Video by George HARRIS

Latest update : 2008-12-22

A strong yen coupled with plunging US-bound exports has seen Japan report a rare trade deficit of $2.5 billion, according to the Japanese finance ministry.

AFP - Japan reported a trade deficit of 223.4 billion yen (2.5 billion dollars) in November as exports fell at their fastest-ever rate, official figures showed Monday.
   
The deficit, which was larger than a market average forecast of 208 billion yen, reversed a surplus of 784.4 billion yen a year earlier.
   
Overall exports tumbled 26.7 percent from a year earlier to 5,326.6 billion yen, the steepest decline in comparable data dating back to 1980, according to the finance ministry.
   
US-bound exports plunged 33.8 percent, also the fastest pace on record, to 993.9 billion yen while shipments to the European Union tumbled 30.8 percent to 711.2 billion yen.
   
Exports to the rest of Asia fell 26.7 percent to 2,577.5 billion yen.
   
Overall imports shrank 14.4 percent to 5,550.0 billion yen on lower oil prices, marking the first drop in 14 months.
   
Japan has historically enjoyed a large trade surplus thanks to brisk demand for its cars and other goods but the recent financial turmoil and a strong yen has hit exports hard.
   

Date created : 2008-12-22

COMMENT(S)