Financial Times FT.com

Japan - Reliance on trade surpluses reveals risks

By Mure Dickie and Robin Harding in Tokyo

Published: March 17 2009 02:00 | Last updated: March 17 2009 02:00

Kaoru Yosano, Japan's finance minister, dismisses the suggestion that his country deserves criticism forstructural trade surpluses, which some economists blame for contributing to the global economic crisis.

"We exported meaningful goods. We exported capital which was required by the market," Mr Yosano said in an interview with the Financial Times last week.

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