Japan current account deficit sharply widens

JAPAN suffered its biggest ever current account deficit last November, leading economic and fiscal affairs minister Akira Amari to warn yesterday that the country's standing as a major trading nation could be damaged if such deficits persist. Economists voiced alarm at the unexpectedly large jump.

The 593 billion yen (S$7.25 billion) deficit for November marked the second consecutive month of current account deficit for Japan and was much higher than the 380 billion yen economists had predicted.


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