Japan posted a record account deficit in January plunging into the “red” for the first time in 13 years.  The deficit, the broadest measure of Japan’s trade with the rest of the World stood at a record of $172.8 billion Yen ($1.8 billion dollars) in January.

• Exports in January plunged 46.3%
• Imports decline 31.7%
• Trade deficit was at $844.4 billion Yen.

Japan’s exports to the United States dropped:

• 52.9%
• Asian shipments fell 46.7%

Among exported products:

• Vehicle shipments were down 66.1%
• Exports of semi-conducted products were down 52.8%

This is the worst financial decline in the last 13 years for Japan.

This entry was posted on Thursday, March 12th, 2009 at 2:08 pm and is filed under Transportation. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.