Japan posts first annual trade deficit in 30 years

Source: 
BBC News

Japan has announced its first annual trade deficit in more than 30 years, a setback for a country known for its exports including cars and electronics.

The deficit came in at JPY2.49 trillion (USD32 billion) for 2011, the finance ministry said.

Japan's imports rose 12 percent and its exports fell 2.7 percent, compared to the previous year.
 

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