(MENAFN- Qatar News Agency) Kyo may 12 (qna) - japan's current account surplus in fiscal 2013 was the smallest since comparable data became available in fiscal 1985 as soaring fossil fuel imports drove up its trade deficit amid the prolonged halt of nuclear power plants japan's news (kyodo) reported monday.
a record goods trade deficit of 10.86 trillion yen brought the country's annual current account surplus one of the widest gauges of international trade to 789.9 billion yen in the last business year down 81.3 percent from the previous year the finance ministry said in a preliminary report.
the results sparked fears that the world's third-biggest economy may face a constant current account deficit down the road which would cause a sell-off of japanese government debt and a sharp rise in the country's long-term interest rates hurting the fiscal and economic situation. (qna)
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