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T
Lv 4
T asked in TravelAsia PacificJapan · 9 years ago

In year 2011 Japan's trade balance was in the red, for the first time in 31 years. Any thoughts?

Update:

Thanks for everyone. I also hope it's just temporary, but as you might already know some foreign newspapers say differently, and Japanese economists share that view.

They say the era of the big surplus is over to say the least.

5 Answers

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  • area52
    Lv 6
    9 years ago
    Favorite Answer

    1. Automobile production dropped, because their parts factories in the Tohoku region were destroyed. But now they are back on their feet. So, this was just temporary.

    2. Sudden increase of NLG import due to the rapid shift from nuclear to thermal power. I hope more NLG will be available from Malaysia and Indonesia this year.

    Trade balance for FY2012 will be back to normal, hopefully.

  • 9 years ago

    I think it was explained that it was because the tsunami hit northern coast (their main manufacturing hub) and it took out most of the factories for their biggest companies. No factories means no production, and no exports.

    Here's hoping they get those back up & running soon. They really deserve a break.

  • 9 years ago

    It might have something to do with the earthquake and tsunami which devastated their electrical grid and thus their manufacturing capability.

  • 9 years ago

    Toyota's fuss and those natural disasters..., which were unpredictable.

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  • Anonymous
    9 years ago

    Hm. No, not really. Thanks for asking, though.

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