It is well-known that
has been one of trade surplus nations for over three decades. The year 2011 is significant year for the Japanese. That is, Japan has become the trade deficit since 1980. In addition, the 3.11 tragedy has put Japan into the financial crisis. In 2011, the exports went down by 2.7 percent from 2010, about 65.55 trillion yen. The imports grew by 12 percent, reaching 68.08 trillion yen. The total trade deficit is about 2.5 trillion yen (Japan Times, 26 January 2012). “Investor confidence in Japan could be rattled if the country cannot raise its consumption tax…. ( Japan Post 25 January 2012). The “if” might or might not become reality, but Prime Minister Noda has a lot of explaining to do to tax payers. Washington
Tuesday, March 27, 2012
The End of the “Number One”/The First Trade Deficit
Labels: Japan in Crisis
After growing up and studying in China and Japan, Dr. Suganuma went to the U.S. for graduate studies, earning master’s degrees at both St. John's University (in Chinese studies) and Syracuse University (in international relations) as well as a Ph.D. (in geography) from the Maxwell School of Syracuse University.