December 20, 2012

Japanese economy has contracted for 2 quarters, 2012 trade deficit so far Y6.28 trillion according to report

"Japan's economy has contracted for two straight quarters, meeting the textbook definition of a recession...The cumulative trade deficit for the first 11 months of 2012 was Y6.28 trillion, more than double the record deficit in 1980"

Source: Japanese trade deficit hits Y953 billion
By James Mayger
The Australian Financial Review
Thursday 20th December, 2012, page 12

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