Daily Israel Report
08:30
Reported

News Brief

  1/25/2012, Shevat 1, 5772

First Time Since 1980: Japanese Deficit


For the first time since 1980 Japan has announced that 2011 was concluded with a commercial deficit of $32 billion.

The main reason for less export is the affect of the tsunami and earthquake from last March, in addition to the increase in the yen over the USD, and the world economic situation.