Japan posts record high trade deficit in 2012.
Things like the financial crisis in 2008, earthquake and
tsunami in 2011 that destroyed the nuclear power plant in Fukushima and resulted
in a surge of liquid natural gas, or LNG, import, and the dispute over
inhabited islands in the East China Sea in 2012 all hit Japan’s trade balance
hard particularly in 2012.
In order to fill the energy demand especially for summer
peak season when none of their 54 nuclear power plants under scheduled-inspection
is expected to resume its operation soon, power companies and operators in
Japan are buying more LNG to generate more power and even planning to build
high-efficiency-coal power plants, that will surely increase more import.
What will happen if such trends continue?
Enjoy reading and learning about how serious Japan’s trade
deficit is and is going to be.
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