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Japan current account deficit widens to record, Q4 growth slows

Last Updated: Monday, March 10, 2014, 12:37

Japan posted a record current account deficit in January and fourth quarter growth was revised down, heightening fears of a deepening economic slowdown amid soft exports and an expected chill in demand from an increase in the sales tax.

Japan logs current account deficit

Last Updated: Friday, March 08, 2013, 16:05

The deficit in the balance, one of the widest gauges of international trade, stood at 364.8 billion yen, with goods trade seeing a record deficit of 1,479.3 billion yen, according to the finance ministry. The trade deficit expanded for the fifth straight month, reported Xinhua.