For the first time in 20 months Japan reported a surplus in trade this month, according to the Journal of Commerce.
For the past year, the demand for Japan's exports in automobiles, steel and mineral fuels has dropped by fifty percent or more. Respectively, Japan has decreased its import of cruel oil and nonferrous metals by sixty to seventy percent.
Trade between Japan's largest trading partner, the United States has decreased with the rest of the world. Lack of demand for automobiles in the U.S. is not surprising as Obama's recovery plan allocated the use "protectionism" with certain materials (refer to my previous blog post on Protectionism), making it difficult for foreign countries to compete.
To read the complete article, click here.
