Japan's deficit hits record as growth slows

Mar 10, 2014, 1:30 AM EDT
Container trucks leave the international cargo terminal after containers are unloaded from an international freighter in Tokyo on November 11, 2013.
AFP/Getty Images

Japan's current account deficit widened to a record 1.5tn yen ($15bn; £8.7bn) in January, the largest since records began in 1985. In further bad news, the country's economic growth figures were also revised downwards. Japan's economy grew by 0.7% in 2013, down from an initial estimate of 1%. Investors reacted with disappointment to the news, with the benchmark Nikkei 225 index falling by 95 points, or more than 0.6%.
Japan in record deficit, growth slows [BBC]
Japan current account deficit widens to record, fourth-quarter growth slows [Reuters]