|Japan Posts Record Trade Deficit in January, 4th Consecutive Deficit Month|
|Mish's Global Economic Trend Analysis, Mike Shedlock, 19/02/2012 (traduire en Français )|
At some point, I suggest now, Japan needs to stop blaming the earthquake and tsunami for its collapse in exports. Furthermore, Japan is going to have difficulty financing its debt unless its turns the situation around quickly.
That may not be likely as Japan logs record trade deficit in JanuaryJapan posted its biggest ever trade deficit in January, topping the previous record seen during the financial crisis in 2009, Ministry of Finance data showed On Monday, underlining concerns that a persistent trade gap may undermine the country's ability to finance its debt.
Imports Up Exports Down
Imports rose 9.8 percent from a year ago and energy prices are one of the reasons. Japan needs alternate energy sources following the shutdown of its nuclear reactors.
While rising imports may still be blamed on the tsunami, the collapse in exports has a different reason. Europe is in a major slowdown and more US consumers are happy with GM and Ford autos.
This does not bode well for Japan.
|Prime-Ministerial Unpopularity Contest at the Edge of the Japanese Abyss|
|ZeroHedge, 20/02/2012 (traduire en Français )|
Comme le souligne sans cesse Delamarche, il y a une certitude, c'est que le Japon va faire défaut... Ça commence à sentir très fort la fin de la route néo keynésienne pour le Japon...