News Summary: Japan posts record trade deficit

Associated Press
News Summary: Japan posts record trade deficit

FILE - In this Aug. 22, 2012 file photo, liquefied petroleum gas storage tanks stand at an industrial area in Yokohama in Kanagawa prefecture, south of Tokyo. Japan's trade deficit in 2012 rose to a record 6.93 trillion yen ($78.3 billion), as fuel imports surged and a bitter territorial dispute with China hammered its exports. The provisional figures reported by the Finance Ministry on Thursday, Jan. 24, 2013 showed the trade deficit narrowed, however, in December, to 641.5 billion yen ($7.25 billion) from the 954.8 billion yen shortfall in November. (AP Photo/Itsuo Inouye, File)

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