As an impact of exports decreased, Japan had a 172.8 billion yen deficit on January 2009, for the first time and biggest since January 1996
March 9, 2009, Ministry of Finance announced that Japan had a 172.8 billion yen deficit on transactions of goods and services abroad on January 2009. The current deficit is the first time and biggest since 25.6 billion yen deficit occured on January 1996.
Large decline in exports in the rapidly deteriorating global economy, made trade balance deficit in last 3 months. Also, due to lower interest rates, the amount of interest income from foreign bonds is decreased as an effect of lower income surplus. The sharp decline in investment income made deficit even worst. However, January 1 is New Year’s holiday in Japan, there was a decline in exports every year, but trade balance in February 2009 could be improved.
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