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Falling trade deficit with Japan

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Time to rectify chronic export-import imbalance with Japan

Korea's trade deficit with Japan is improving at a rapid pace. The nation's trade shortfall with the neighboring country in the first 10 months of the year stood at $16.36 billion, down 20.6 percent from last year, according to the Ministry of Trade, Industry and Energy, Monday. This is Seoul's lowest trade deficit with Tokyo for the January-October period since 2003 when the 10-month red ink stood at $15.57 billion.

The bilateral trade shortfall swelled to $36.1 billion in 2010 but is expected to hover........

© The Korea Times