Japan sees first monthly trade deficit in more than 20 years

09/25/2008 | International Herald Tribune

According to data released Thursday, Japan's trade balance fell into deficit in August -- the first monthly deficit since 1982. The high price of oil took its toll on import costs, and exports dwindled. Exports are a vital part of Japan's economy and have been slowing this year as the U.S., along with Europe and Asia, feel effects of the mortgage crisis.

View Full Article in:

International Herald Tribune

Published in Brief: