Posted on 02/24/2009 6:59:43 PM PST by rb22982
Japan logged its largest trade deficit ever in January as exports nearly halved due to a sharp slowdown in the global economy amid a worldwide credit crisis.
(Excerpt) Read more at forbes.com ...
Looks like Q1 in Japan is going to be worse than the -12.7% in Q4.
I am stunned to read that the Japanese have run a trade deficit for the last three months.
That’s unheard of.
It would be nice to hear that the USA had run a trade surplus.
That would make all the bad US fiscal deficit numbers start to make sense.
Alas, While US the trade deficit is half of what it was last summer—its still up around 30 billion—as of my last check.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.