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Japan Posts Trade Deficit for First Time in 31 Yrs

Written: 2012-01-25 13:50:42Updated: 2012-01-25 14:36:05

Japan Posts Trade Deficit for First Time in 31 Yrs

Japan posted a trade deficit last year for the first time since 1980 totaling nearly two-point-five trillion yen.

Japan’s Ministry of Finance announced the figure in trade statistics released on Wednesday.

Japan’s daily Yomiuri Shimbun is predicting that Japan’s state debts will swell to more than one-thousand-85 trillion yen by late March next year.

If state debts reach predicted levels, the total would be more than double the country’s real gross domestic production in 2010 at 511 trillion yen.

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