(AP) - BIG DEFICIT AS EXPORTS DECLINE: Japan posted a $9.6 billion trade deficit for August as shipments to Europe and Asian countries sank. Exports fell 5.8 percent from a year ago, while imports dropped 5.4 percent.
WHAT IT MEANS: August's numbers further undermine hopes that exports will fuel a revival in the world's third-biggest economy. Japan's central bank expects exports to stay weak in the immediate future.
WHY IT'S HAPPENING: The strong Japanese yen has hurt exports even as demand evaporates in crisis-stricken Europe. Meanwhile, the country's energy imports have risen following closures of most of its nuclear plants.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Miss Utah's 2nd chance at the pageant answer that went viral. (Video)
A 19-year-old decides to catch a ride on a whale shark. (Video)
Katy Perry talks about Russell Brand and says she loves John Mayer.
Kim Kardashian gives birth to first child a few weeks early.