Monday, August 19, 2013

Japan stumbling

Japan's trade deficit worsened in July, almost doubling from a year ago, as a weak yen boosted import costs. The deficit for the month rose to 1.02tn yen ($10.5bn; £6.7bn), as imports surged 19.6% from a year ago. The yen has fallen nearly 25% against the US dollar since November 2012, as policymakers unveiled a series of aggressive measures to revive growth. BBC News

Their main import? Oil. The game for Abe was to produce, yet again, the Japanese miracle of a jump in energy efficiency.

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