Japan's current account deficit surges.

Japan's current account deficit widened to a record ¥592.8B ($5.7B) in November from ¥127.9B in October and surpassed consensus of ¥380.4B. The increase comes amid a rise in the value of imports, particularly because of the weak yen, and higher demand for foreign energy because of the shutdown of nuclear plants. The long-term risk is that the deficit could become permanent, which could weaken confidence in Japan's massive debt.