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



NewsWhore
03-09-2009, 03:00 AM
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Japan Posts First Current-Account Deficit Since 1996 on Exports (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601101%26sid%3Da5iXfHd6atlQ%26refer%3Djapan&cid=0&ei=db-0SeGsMZGyMbqC3e0D&usg=AFQjCNGI1emuTyzBuzoC5yt8nP6V8dNQWQ)
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. Japan posted larger deficits during the oil shocks in the 1970s, the government said, ...


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