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Japan’s nuclear crisis resulting in its record trade deficit

Japan’s trade deficit ballons to record high as nuclear crisis pushes up fuel imports Washington Times, By Associated Press,  February 19 TOKYO — Japan posted a record high trade deficit in January after its nuclear crisis shut down nearly all the nation’s reactors for tougher checks, sending fuel imports surging. Exports were hurt by a strong yen and weak demand.

The 1.48 trillion yen ($18.7 billion) deficit reported Monday highlights Japan’s increased dependence on imported fuel after the March 11 earthquake and tsunami sent the Fukushima Dai-ichi nuclear plant into multiple meltdowns…. http://www.washingtonpost.com/business/worldbusiness/japans-trade-deficit-ballons-to-record-high-as-nuclear-crisis-pushes-up-fuel-imports/2012/02/19/gIQABX1HOR_story.html

February 21, 2012 - Posted by | business and costs, Japan

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