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Japan No Longer An Export Powerhouse

From the 1980s until 2010 Japan exported more than it imported, supplying the world with electronics, machinery and other goods. Subarus awaiting shipment Bloomberg News That changed in 2011, after the Fukushima nuclear disaster. Japans nuclear power plants shut down, pushing up imports of other fuel and tipping the trade balance into deficit. Those reactors remain closed and Japans huge fuel visit their website imports, compounded by the weak yen, are widening the trade deficit. But even stripping out source fuel, Japan would be running a meager trade surplus at best. A major factor is that Japanese companies have moved production offshore, to cheaper centers in China and elsewhere. Those goods show up in the export statistics from, say, China, not Japan. Japans ambitious monetary easing, meant to weaken the yen and lure companies back onshore, so far has failed to entice firms back. Only a small number of companies brought back factories to Japan as the yen weakened, said Junko Nishioka, an economist with RBS Securities in Tokyo.
More: http://blogs.wsj.com/economics/2014/01/14/japan-no-longer-an-export-powerhouse/

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