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The deficit in the broadest measure of foreign trade shrank in the spring to the lowest level in relation to the total economy in 10 years, another dramatic sign of how much the recession had reduced America's appetite for foreign goods.
Japan's current account surplus plunged 56.6 percent in October from a year earlier due to a growing deficit in goods and services, the Finance Ministry said Monday.
South Korea posted a record current account surplus in October as imports decreased due to the sharp decline in crude oil prices, the Bank of Korea said Thursday.
Japan's current account surplus in September plunged 48.8 percent from a year earlier as import growth far outpaced export growth in the face of a global slowdown, the Finance Ministry said Tuesday.
Japan's current account surplus in August shrank 52.5 percent from a year earlier as the country's spending on oil imports soared, the Finance Ministry said Wednesday.
Japan's current account surplus rose 40.4 percent in September from a year earlier, marking ninth months of growth, the government said Monday.
Japan's current account surplus grew 6.2 percent in February on year to 2.209 trillion yen ($18.66 billion) before seasonal adjustment, the Ministry of Finance said Wednesday.
Debtor NationConsumerism is as American as cherry pie. Plasma TVs, iPods, granite countertops: you name it, we'll buy it. To finance the national pastime, Americans have been borrowing from abroad on an increasingly stunning scale.
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