Abenomics did create an export boom—just not for Japan

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Japan Balance of Trade is reported by the Ministry of Finance Japan. From 1970 to 2010 Japan had been recording consistent annual trade surpluses, however, since 2011, Japan has been posting trade deficits as costs of imports have surged due to the weakening Yen. Now the most recent report shows Japan trade deficit widens to record as yen inflates imports, Japan’s trade deficit swelled to a record 1.63 trillion yen ($17.4 billion) on energy imports and a weaker yen, highlighting one cost of Prime Minister Shinzo Abe’s policies that are driving down the currency. Please review this article for further observations;

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