Japanese trade surplus dives in March

| April 20, 2011 | 0 Comments
Japanese trade surplus dives in March

Last month’s earthquake and tsunami has resulted in a fall in Japan’s trade surplus after exports declined.

However, a fall in exports was expected after the twin disasters forced some of Japan’s largest exporters to halt production.

According to the Ministry of Finance, exports were 2.2% lower at 5.87 trillion yen on an annual basis in March – the first fall in more than a year.

The Japanese economy, which is the world’s third largest, emerged from recession in the second quarter of 2009 – much sooner than many other economies – driven by export demand.

However, the disasters could push Japan into a temporary recession, according to economists, since they are expected to impact negatively on growth.

The trade surplus dived 78.9% in March on an annual basis to - 196.5 billion yen.

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