Barter is the present and the future of international trade, especially for people who is starting in the import export business. Barter and more: Triangular operations.
Japan posted its biggest October trade deficit on record, as a revival in exports to the US and China was overwhelmed by soaring costs for imported fuel in the wake of the nuclear industry's shutdown.
The shortfall of 1.09 trillion yen (€8.05bn) extended a record run of deficits to 16 months, and was larger than all 28 forecasts in a Bloomberg survey. Imports climbed 26.1pc from a year earlier, while exports gained 18.6pc.
Exports to China increased 21.3pc from a year ago, when the two nations were embroiled in a row over islands in the East China Sea. Shipments to the US rose 26.4pc, while those to the European Union climbed 27pc.
Exports are rebounding on a pick-up in the overseas economy, while imports are likely to expand further before a sales-tax increase" in April, said Norio Miyagawa, a senior economist at Mizuho Securities Research in Tokyo.
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