Japan\\\'s trade deficit amplifies
Monday, 21 April 2014
Japan's trade deficit quadrupled in March as export growth slowed and energy imports continued to rise.A weak Japanese currency, which pushed up the cost of imports, also contributed to the widening gap. The deficit rose to 1.45 trillion yen ($14bn), up from 356.9bn yen during the same month a year ago. Japan's energy imports have been rising after it shut all its nuclear reactors in the aftermath of the earthquake and tsunami in 2011. According to the latest trade data, imports of Liquefied Petroleum Gas (LPG) rose more than 8% in March, compared to the same month last year. Meanwhile, imports of Liquefied Natural Gas (LNG) rose nearly 4%., according to BBC.