Japan GDP Contraction Eases; Current Account In The Red

Japan's economy shrank less than initially estimated in the fourth quarter as companies ramped up capital expenditure, but the current account swung to a record deficit in January as a shift away from nuclear power pushes up fossil fuel imports.

Tsunami Debris to Hit American Shores This Year

When a 9.0 magnitude earthquake hit Japan last year, it caused a massive tsunami killing nearly 16,000 people. The tsunami that dragged personal items from Japanese citizens, including televisions, dressers, refrigerators, out to sea, could wind up on the shores of Hawaii this year.

New Car Sales To Soar in Feb: 14 Million Mark Looks Likely

Automakers will report nearly 1.09 million new cars in February on Thursday, according to two industry forecasts, continuing the ongoing revival of the industry as sales jumped nearly 6 percent from February 2011 and an eye-popping 20 percent from January. That would equal a seasonally adjusted annual rate (SAAR) above 14 million units -- the highest level since early 2008.

Japan Tsunami: Then and Now (PHOTOS)

The 2011 Tohoku earthquake that struck the coast of Japan, which triggered a tsunami and caused a widespread death and destruction, is regarded as one of the most powerful earthquakes in the history of the world.

Earthquakes Rock Russia and Taiwan: No Tsunami Warning Issued

There's a whole lot of shaking going on in the Asia-Pacific region Sunday, as an absolutely strong magnitude-6.7 earthquake hit southwestern Siberia in Russia and a relatively strong magnitude-5.9 quake struck southern Taiwan, according to the U.S. Geological Survey.


Japan's first trade deficit since 1980 raises debt doubts

Japan Trade Deficit Up on Aftershocks from Earthquake

Japan reported a record-high balance of trade deficit in January as last year's tsunami combined with floods in Thailand, the Eurozone's sovereign debt crisis, a slowing Chinese market and a soaring yen to leave the world's third-largest economy with its first trade deficit since the last century.
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Japan Logs Record Trade Deficit in January

Japan posted its biggest ever trade deficit in January, topping the previous record seen during the financial crisis in 2009, Ministry of Finance data showed Monday, underlining concerns that a persistent trade gap may undermine the country's ability to finance its debt.