Japan logs 5.4 trillion yen goods trade deficit in FY 2021

Japan posted a goods trade deficit of 5.4 trillion yen ($42.4 billion) in fiscal 2021 after logging a surplus the previous year, amid increased energy imports inflated by high prices, the Finance Ministry said Wednesday.The deficit was the highest since fiscal 2014, when the country's fuel imports for thermal power plants were elevated with all nuclear power plants offline in the wake of the 2011 nuclear disaster triggered by a massive earthquake and tsunami in Japan's northeast.Imports grew 33.3 percent from the previous year to 91.3 trillion yen, the highest since fiscal 1979 when compara…READ FULL ARTICLE