Analysts warned the combination of these factors was hurting Japan's exporters as rivals from South Korea and other Asian nations compete in markets which Japanese companies had previously dominated.
"It reflects fundamental changes in Japan's economy, particularly among manufacturers," said Hideki Matsumura of Japan Research Institute.
"Japan is losing its competitiveness to produce domestically."
Friday, January 27, 2012
ANOTHER WATERSHED MOMENT?
Japan experiences its first trade deficit in decades.