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View Full Version : Japan Posts First Current-Account Deficit Since 1996 - Bloomberg



NewsWhore
03-08-2009, 11:30 PM
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Japan Posts First Current-Account Deficit Since 1996 (http://news.google.com/news/url?sa=T&ct=us/2-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601080%26sid%3DaxUWV5vFmTpU%26refer%3Dasia&cid=1312872597&ei=_X-0SdPgF5zqQv-5yPsF&usg=AFQjCNHSqwt2dcnMY-ei7rZs6rBx5pzbOQ)
Bloomberg
The currency’s 23 percent gain against the dollar in 2008 eroded the value of exporters’ overseas sales, exacerbating losses at companies including Toyota and Sharp. The global economy is likely to shrink for the first time since 1945 this year, ...


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