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July 25th, 2012 
FAKE NEWS for the Zionist agenda The Japanese Finance Ministry said on Wednesday that the country saw a shortfall of about 2.9 trillion yen ($37.3 billion) in the first six months of this year.
The huge trade deficit stemmed largely from energy costs, with Japan seeing a nearly 50 percent jump in purchases of liquefied natural gas and a 16 percent increase in crude oil purchases, the data showed.
Junko Nishioka, the head of research at the Royal Bank of Scotland (RBS) Securities in Japan, said the country’s trade balance “continues to show a trend of weak exports and extreme sensitivity to import prices, such as those of crude oil.”
“The crisis in Europe is posing a growing risk to Japan’s economic recovery scenario,” she added.
Over the past months, Tokyo has repeatedly warned that the economic crisis in Europe would directly impact the recovery prospects in Japan.
Europe is a major market for a wide range of Japanese products.
Japan’s imports increased 7.4 percent on-year, but its exports grew just 1.5 percent in the first half of 2012.
Hideki Matsumura, an economist at Japan Research Institute, said, “I believe Japan will post another annual trade deficit. We are already in the red looking at the last six months, and it’s too late to regain our losses.”
HSN/MA
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