Subscribe free to our newsletters via your
. Military Space News .




TRADE WARS
Japan posts fourth straight current account surplus in May
by Staff Writers
Tokyo (AFP) July 08, 2014


Japan recorded a current account surplus for the fourth straight month in May, government data showed Tuesday, as the country's trade shortfall narrowed.

The surplus of 522.8 billion yen ($5.1 billion) was down 7.7 percent from the same month a year ago, but the rate of decline was much smaller than a 76.1 percent drop in April.

The latest current account figure -- the broadest measure of Japan's trade picture -- was influenced by a drop in the country's trade deficit as imports fell for the first time in 19 months.

The current account measures not only trade in goods but also services, tourism and returns on foreign investment.

The country's trade deficit has been expanding since 2011 as it is forced to import fossil fuels to plug an energy gap owing to its nuclear plants being closed in response to the Fukushima atomic crisis. The trade gap has been exacerbated by a sharp depreciation in the yen since late 2012.

A run of monthly deficits in late 2013 and earlier this year raised concerns about the possibility of the balance falling into the red for good, which could have ultimately seen bond yields pushed up as overseas investors demanded a premium on Japan's debt.

That would have made it tougher to finance the nation's mountain of public debt -- one of the heaviest burdens in the rich world.

Japan used to boast large trade surplus on exports of cars and other industrial products.

But it has been saddled with the heavy costs of importing fossil fuels to generate electricity, after its nuclear reactors were shuttered following the 2011 tsunami-sparked atomic disaster.

The yen's sharp depreciation since late 2012 has also pushed up import costs.

-- Dow Jones Newswires contributed to this report --

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
Russian accused of hacking US retailers held for trial
Washington (AFP) July 07, 2014
A Russian national accused of hacking into US retail computer systems was arrested and ordered to face criminal charges, officials said Monday. The Justice Department said an indictment was unsealed following the arrest of Roman Valerevich Seleznev, 30, of Moscow, who uses the moniker "Track2" in the hacker underground. Officials said Seleznev was formally charged in March 2011 but the c ... read more


TRADE WARS
Industries study enhanced missile defense capability

New missile defense equipment installed on frigate

Navy touts destroyer's at-sea Aegis tests

Lockheed Martin To Build Next Two SBIRS Missile Defense Satellites

TRADE WARS
N. Korea fires two more missiles into the sea

Raytheon, EUROSAM head-to-head in Polish missile contract bid

Norwegian government contracts Kongsberg for JSF missile

Raytheon, Eurosam compete for $7.9 bn Polish air defence contract

TRADE WARS
Nano-Hyperspec Sensor Payload For Small Hand-Launched UAVs

German defence minister backs use of armed drones

US flies armed drones over Baghdad to protect Americans

US drone strikes set 'dangerous precedent': study

TRADE WARS
Thales enhancing communications of EU peacekeepers

Exelis enhancing communications for NATO country

Chemring integrates new system with Resolve

Northrop Grumman Receives Funding for Electronic Warfare Systems for US Army and Navy

TRADE WARS
BAE Systems looks to the future

Cubic Applications' support for Army training continues

Russian companies to produce individual soldier IFF sensor systems

Gyroscope production milestone for Northrop Grumman

TRADE WARS
Japan set for first arms export under new rules: report

Merger in store for French, German defense companies

Lockheed Martin, Zeta Associates in acquisition deal

BAE Systems, Saudi company forming holding company

TRADE WARS
Senior US diplomat 'unwelcome', should leave: Bahrain

Chinese, Indian militaries vow cooperation: Xinhua

Merkel: US double-agent accusation 'serious'

Kerry heads for tough US-China talks as ties strain

TRADE WARS
A smashing new look at nanoribbons

Scientists Develop Force Sensor from Carbon Nanotubes

Shaken, not stirred -- mythical god's capsules please!

Diamond plates create nanostructures through pressure, not chemistry




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.