Containers are unloaded from a ship at Tokyo Bay
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Japan trade deficit 'until 2014' warns Takuji Okubo

Japan has announced its first annual trade deficit since 1980. The deficit in 2011 was $32bn, largely because of the combined effects of last year's tsunami, a strong yen and high fuel costs.

However, some warn that Japan faces a trade deficit for years to come because of more deeply-ingrained problems in its economy. Takuji Okubo of Societe Generale in Tokyo thinks the deficit is likely to run until 2014.

  • 25 Jan 2012