Japan current account deficit hits new record
Japan’s current account deficit hit a new record high in November 2013.
Japan’s government said today (Tuesday) the nation’s deficit totaled almost six-billion dollars for the month of November.
Imports surged 22-percent year-on-year, as Japan bought gas to make electricity.
Japan’s nuclear reactors remain shut down in the wake of the Fukushima disaster.
Income from exports and overseas investments was also up, but not enough to offset the increase in imports.