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Toyota may be about to announce its first operating loss in 71 years.
Japan sees record drop in exportsJapan posted a trade deficit of $2.5bn (£1.7bn) in November as exports fell at their fastest-ever rate. Japanese exports fell sharply to all areas but those to the US were worst-hit, plunging 33.8% - also a record drop. Shipments to the European Union were down 30.8% while those to China fell 24.5%, the biggest fall since 1995, said Reuters news agency. Exports to the rest of Asia declined 26.7%. Imports were also down - 14.4% overall - due in part to lower oil prices. Posted by: 3dc 2008-12-22 |
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