Japan's Nuclear Shutdown Results In Record Trade Deficit
From Economic Times
Japan’s amassed a record trade deficit of 2.5 trillion yen ($31.78 billion) in the first half of 2012, five times greater than the deficit a year earlier, due to a surge in fossil fuel imports following the closure of nuclear power plants.
The trade deficit was five times greater than the deficit in the first half of 2011, and reduced the current account surplus to its second lowest level on record.
