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Japan logs record trade gap in 2012 as exports struggle

Japan's record a record annual trade deficit in 2012 as of December exports continued to slide in a worrying sign, the weaker yen and the influence of the new government's action, to promote economic and fiscal and monetary stimulus policy has slowly coming.
The Japanese manufacturer's confidence to improve for the second consecutive month, is considered to be a positive reading in the coming months, and provide some evidence that the world's third largest economy inside to climb out of a mild recession.
But a record annual trade balance for 6.93 trillion yen ($7.827 billion) in 2012, the seventh consecutive monthly decline in exports, improve mood not into difficult economic data.
The ministry of finance on Thursday data showed that 5.8% year-on-year drop in export, in December of this year, many economists consensus forecast a 4.2% fall.
For the second consecutive year trade deficit countries, for decades has accumulated greatly surplus, help the expansion of debt financing, prime minister Shinzo Abe (Shinzo Abe) government stressed that must balance economic growth and financial reform.
The shortage of the 2011 since 1980, was the first annual trade deficit, export struggle, Japan's nuclear change, from March 2011 earthquake and tsunami, the subsequent nuclear crisis, to promote the import of fossil fuels.
However, 12 months of data is low, analysts expect gradually restore economic momentum, this year.
, "Morgan Stanley mitsubishi UFJ securities senior economist wild deer to volunteer said," month and last month's digital calculation, the seasonally adjusted exports has increased a lot, which suggests that exports and broader economic bottom out last November or December.
Trade deficit
A group of data as shinzo Abe has introduced a package of economic stimulus plan, and weaken the bold loose monetary policy expected, the bank of Japan yen.
The bank of Japan doubled to 2% inflation target, on Tuesday and a commitment to any member quota from next year more efforts to boost the economy out of deflation, the relentless pressure from shinzo Abe, weeks to buy assets.
Imports rose 1.9%, compared against the 64.15 billion yen, forecast deficit for 534 billion yen trade deficit, is expected to grow by 1.5%, marking the trade deficit for 6 months.
Reuters monthly poll, on Thursday, the bank of Japan tankan survey and closely related to the display manufacturer's boom index increase a point to minus 17 month rise by 2 point registered in November from three year low.
Reuters tankan survey, the percentage of that less pessimistic reaction, from optimistic, the index is expected to jump to April add 1, this means that optimists more than the pessimist, according to the survey of 400 enterprises, of which 266 in January 8 - and respond to survey.
Analysts expect, export and broader economy will take up gradually with the global economic recovery, this is due to the weakening of the yen, as Banks, Japan, shinzo Abe, continuous easy monetary policy and aggressive budget policy.
Earlier this month, the cabinet approved 117 billion additional spending in the global financial crisis, the world's largest since the stimulation, in the bid to pull the world's third largest economy, since 2000 the fourth economic recession.
In the dependent on export economy, in the United States and China's manufacturing - an encouraging sign that the two major markets for Japan's shipments - December growth, global economic moderate growth, this year is of course.
 



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