Japan's trade deficit hit a record high in the last financial year, the Ministry of Finance said.
The balance of trade deficit for 2011-12 came in at ¥8.17trn (£54.6bn), reflecting weak global trade markets and elevated fuel import costs. However, March exports rose 1.1 per cent on a year earlier — with sales to the US up 7 per cent — raising hopes that the yen's decline was boosting manufacturers. The yen has fallen to its lowest against the dollar in four years.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies