InsideJapan News Network
Thursday,
23rd
October
2008
In Business In Japan,
In Business In Japan,
Japan's trade surplus falls as recession looms
There has been a sharp drop in Japan's trade surplus signalling bad times ahead for the country's economy.
New figures published by the finance ministry today (October 23rd) show that the surplus contracted by around 94 per cent last month.
The surplus currently stands at $965.7 million (£599 million), down from $16.34 billion at the same time last year.
Al Jazeera English reports the economy is being hit by the high cost of oil, coal and natural gas, in addition to falling demand for Japanese goods.
Japan, which is not well equipped when it comes to natural resources, spent marginally less on energy imports last month, reflecting the rise in fuel prices.
Recently the Japanese government reduced its assessment of the country's economy - the second largest in the world after the US - as the spectre of recession loomed ever greater, reports Forbes.
New figures published by the finance ministry today (October 23rd) show that the surplus contracted by around 94 per cent last month.
The surplus currently stands at $965.7 million (£599 million), down from $16.34 billion at the same time last year.
Al Jazeera English reports the economy is being hit by the high cost of oil, coal and natural gas, in addition to falling demand for Japanese goods.
Japan, which is not well equipped when it comes to natural resources, spent marginally less on energy imports last month, reflecting the rise in fuel prices.
Recently the Japanese government reduced its assessment of the country's economy - the second largest in the world after the US - as the spectre of recession loomed ever greater, reports Forbes.
Latest Headlines
-
Click on a region above to expand
Order a
Hyper excited about Japan -
17/02/2012
InsideJapan meets Masterchef at Destinations - 27/01/2012
Show Time for IJT – Get your FREE tickets here! - 01/12/2011
Show all stories >>
InsideJapan meets Masterchef at Destinations - 27/01/2012
Show Time for IJT – Get your FREE tickets here! - 01/12/2011
Show all stories >>
-2010.jpg "The Guardian, The Observer - Travel Awards 2010 Winner - Best tour operator (small)")
.jpg "Inside Japan Tours - Silver at the British Travel Awards 2009")
