Latest News:  
Beijing Overcast    30 / 24 ℃  City Forecast


Japan records biggest trade deficit in January-June period


13:26, July 25, 2012

TOKYO, July 25 (Xinhua) -- Japan recorded its worst trade deficit in the six months beginning this January, though the nation saw a goods trade surplus of 61.7 billion yen (about 790 million U.S. dollars) in June, the government data showed Wednesday.

The Finance Ministry said in a report that the nation logged a trade deficit of about 2.9 trillion yen in the first half of 2012. The huge shortfall was due largely to the rising energy costs after the March 11 disasters last year that suspended the reactors at nuclear power plants and led to a power shortage across the nation.

Japan had been fighting to make ends meet in terms of energy by turning to costly alternatives including crude oil and liquified gas. The imports of the two items saw an increase of 16 percent and 50 percent respectively in the six months.

Growing concerns about the outlook of the eurozone debt crisis and a slowdown in China's economic growth had also weighed on the world's third largest economy in the period. According to the ministry, exports to China, Japan's biggest trading partner, contracted 7.3 percent to 1.03 trillion yen, while those to the European Union plummeted 21.3 percent to 519.4 billion yen.

Analysts said the future of the nation's trade balance still looked grim amid the uncertainties in the global economy. However, the reading in June alone showed a bright stretch in the picture with the goods trade surplus topping 61.7 billion yen. The upbeat figure was attributed to the nation's growing exports of vehicles and auto parts.


Leave your comment0 comments

  1. Name


Selections for you

  1. Jinggangshan ship, hovercraft conduct joint training

  2. Aurora shooting suspect makes first court appearance

  3. Chinese airlines buck global downturn

  4. Jackie Chan launches China Olympic song

  5. Athletes warm up before London Games

  6. Rare Dalmatian Puppies - Cutest Pics!

Most Popular


  1. Lead economy on right track
  2. What to expect at London Olympics: Participants
  3. What to expect at London Olympics: Introduction
  4. US imports threat China's polysilicon enterprises
  5. Providing foreign aid a way to survive
  6. Talk of stock market boom immature
  7. Lawyer sues Japan over Diaoyu bid
  8. India looks to fresh partners in quest for growth
  9. China well on way to more balanced economy
  10. West wrong on Chinese public's Syria view

What's happening in China

A glimpse of residents' daily life in China's Sansha city

  1. City's government pledges toll truth
  2. National network built for marriage registration
  3. Typhoon disrupts flights from Shanghai
  4. Thousands mobilized as Yangtze flood coming
  5. Grads should take blue-collar work

China Features

  1. Let languages grow freely
  2. 'Water-dripping' bed of Tujia nationality
  3. Manufacturing sector faces cost challenges
  4. Cooperation key to a bright future of East Asia
  5. People’s Daily makes weibo debut

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai