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Japan Logs Record Trade Deficit In January
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Japan Logs Record Trade Deficit In January

Business

Japan Logs Record Trade Deficit In January

Japan Logs Record Trade Deficit In January
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  • Transcript

Economists blame the slump in exports on a stronger yen, the global economic slowdown and ongoing problems from last year's earthquake and tsunami. Shipments were down 9.3 percent compared with a year earlier.

RENEE MONTAGNE, HOST:

NPR's business news starts with Japan's export.

(SOUNDBITE OF MUSIC)

MONTAGNE: Japan is seeing its exports take a hit. Economists blame the slump in exports on a stronger yen, the global economic slowdown, as well as ongoing problems from last year's earthquake and tsunami. Numbers just released by Japan's government show the country logged a record trade deficit in January.

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