Japan trade deficit hits record high in 2013


TOKYO: Japan's trade deficit swelled to a record US$112bil in 2013, official data showed Monday, as the benefits of a cheap yen for exports were diluted by soaring post-Fukushima energy bills.

The shortfall of 11.47 trillion yen marked the biggest deficit since comparable data started in 1979, according to the finance ministry, with the December deficit alone doubling from a year earlier.

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