Japan Exports Fall in December


Japan's exports fell for the third consecutive month in December, capping the first annual trade deficit in 31 years, figures underscoring the toll slower global growth and March's earthquake have taken on the economy.

Shipments dropped 8 percent in December from a year earlier, the Ministry of Finance said. Imports rose 8.1 per cent.

A yen near postwar highs against the dollar is cutting into profits of exporters from Nippon Steel Corp. to Toyota Corp. by making Japanese products more expensive abroad, hampering the nation's rebound from March's temblor.

Japan logged a trade deficit of 2.49 trillion yen ($32 billion) for 2011, the first annual deficit since 1980, after the economy was hit by the shock of rising oil prices.


TradingEconomics.com, Ministry of Finance Japan
1/25/2012 9:40:45 AM