::Dropped 78.9%, Japanese Loss exports hit by Earthquake & Tsunami>>

Go Finance Reporting in TOKYO - Japan's exports has weakened for the first time in the last 16 months due to the earthquake and tsunami that struck countries of Japan

As reported by AFP, Japan's trade deficit amid rising raw material prices and world oil prices. This makes Japanese imports continued to increase during March.

Today, the Japanese economy is really slipping into recession amid the destruction of infrastructure and manufacturing facilities in the northeast. This condition can be said that the worst since World War II.

"If the Japanese balance deficit in April-May, the GDP will also decline in April-June," said economist at Sumitomo Mitsui Asset Management Akiyoshi Takumori.

Figures for Japan's trade exports in March amounted to 196.5 million yen equivalent of $ 2, 3 billion, down 78.9 percent and trying to be controlled so as not to happen again next month. Value of exports down 2.2 percent to 5.87 trillion yen, the worst figure since 16 months because of a stalled car export.

In a poll on the Dow Jones, Nikkei index fell two percent due to export vehicles blow. Fall is due to the fall of the automotive-based issuers to cancel 27.8 percent of exports. Where the manufacturer in Japan were forced to stop production amid poor supply chain.

Meanwhile, the yen came under pressure in Asia on Wednesday after weakening 82.90 points. Value of the yen against the dollar in New York recorded 82.57 per USD. (GoFinance)