Japan has posted its first trade surplus in six years for the fiscal year 2016 as the value of imports – particularly oil and gas – fell sharply, according to The Japan Times.
It is the first year Japan has recorded an annual surplus since took its nuclear power plants offline following the 2011 Fukushima disaster, which led to the country increasing its imports of fossil fuels – and LNG in particular – to meet its energy needs.
A 16% fall in oil prices and...
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